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Corporate Governance by the Directors is abominable. One would...

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  1. 322 Posts.
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    Corporate Governance by the Directors is abominable.

    One would think that resolutions 5 and 6 in the notice of meeting should fall within the 15% rule, there has been no 3B for the convertible note issuance to Messrs Taylor and Duckett(Meridian Fertilisers). Is this an out and out ploy of continuing to dilute genuine shareholders in the company.

    Directors expect shareholders to give them open slather to run a company that has no business other than than the issuing of more and shares to raise funds to pay them their exorbitant fees when they have no legitimate business.

    Where is their continuous disclosure to the market?
    Where are the 4c's for March and June 2018?
    Where is the half year 1/1/2018 to 30/6/2018?
    Where is the Annual Report for 2017/2018?

    Where are the supposed company assets that should have massively increased in numbers over the last 2 years, and more importantly where has the income derived from their milk production gone?

    IMO DYOR
 
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Currently unlisted public company.

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