I agree and action for shareholders is both what and how they respond to the call for the AGM. Here is my 2 cents worth if I was holding and disgruntled with the current Board team, disgruntled with the company performance, disgruntled with the current strategic direction and disgruntled with the inbred self-preservation that appears to manifest itself with AHF these days.
1. Appoint Chairman as my proxy if I was not attending the AGM.
2. Make sure I voted by filling out Step 2 of the form with an X in the "Against" box for Resolutions 1, 2 and 3 and an X in the "For" box for Resolution 4.
3. Sign the form correctly.
4. Check I have filled the form out specifically Step 2 and also that I signed it correctly.
5. I would not submit my vote until closer to the cut-off date so not to give the company the benefit of an early indication of my vote intent.
That is the only form I would fill out and lodge.
The other form is inquisitive and just pre-emptive due to the potential Board spill. I would not fill it out or lodged it as it provides the company with an early warning of intended questions at the AGM, I prefer the "without notice" questions at AGM's because the Board should be on top of the business and able to field any fair and reasonable questions at the time and if they cant respond then they should know how to handle the question and any subsequent response. If they don't, then they should not be in the role of a Company Director.
The Communications Preference Form was interesting, why would anyone fill this form out at this point other than to allow their email address to be clogged with "We need your vote to protect your company" spam. Talk about a shallow attempt to collect a captive audience to garner support for the subsequent EGM vote after the Board spill.
Now If I loved the company and its share price performance and its boutique direction then I would follow the Chairman and let him lead as he has done to date and just proxy the Chair and let fate be my master. That's just not me though, I prefer having some control over my destiny including how my investments are managed even if I was overseas or out of town or even if it was in a different language I would take the effort to lodge a valid vote.
It is, as Cosair says, time for action. If no-one takes any action then no-one can be blame anyone else for the result. Up to you lot, the shareholders, to decide your fate.
*do I need to insert some sombre music in here about now? - the theme from Jaws maybe*
AHF Price at posting:
12.5¢ Sentiment: None Disclosure: Not Held
