Ann: Notice of Annual General Meeting/Proxy Form, page-39

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06/09/18

19:52

Post #: 35454331
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Originally posted by Purpose ↑

Dixie.

The directors have not provided a 3B for resolutions 5 and 6, conversion of their own convertible notes. You have also stated other breaches such as the 4C`s etc.

The directors are either attempting one of two things in my opinion.

1/ They are unwilling to disclose a timeframe or confirmation that they have actually deposited funds into the company and are setting themselves up to control the company by share control when its taken private and the demand for proof will be lost.
or
2/ They are not concerned about breaching listing rules as they have no intention of ever completing chapters 1 and 2 which would allow the company to once again start trading. Shareholders need to understand that the ASX has ALL THE POWER regarding the requirements a company must meet to be allowed to trade on the ASX. These directors have shown over the last two and half years they are incapable of delivery.
Directors who continue to abuse corporate governance do get removed but that is more an ASIC decision than an ASX one.

Any shareholder that votes `FOR` resolutions 1, 2, 3 , 5 or 6 at the upcoming AGM certainly needs to ask themselves `WHY`. What benefit does that offer the company. For mine it is all negative benefits. How many years and excuses does anyone need before they wake up to the reality of what this management is really doing.

Fortunately this company has some shareholders who have had enough as being treated as fools.

The next 3 weeks and the time after the AGM will be very interesting.
I don`t believe the current directors will be the directors come christmas.

ASIC has more funding and is aware of the issues.
The National media is lining up.
Lawyers have been briefed and ready to act if ASIC doesn`t

for mine the unknown at present is the method, not the result.

IMO DYOR

Expand

Just go straight to the takeovers panel. Is a far better way to go about it and put in it what stops you want .

Clearly voting will go there way.
I think you just wasting time and waiting till the meeting. And doing something after resolutions past is so much harder.

Your just making it harder for everyone including all the people you contacted. Stop the meeting. Use all you lawyers and media now .

If there is no announcment from them now about you and your plans . They are not worried what so ever water off a ducks back. Play your jokers now too late to trump in after the meeting

PDF Price at posting: 2.9¢ Sentiment: None Disclosure: Not Held
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Ann: Notice of Annual General Meeting/Proxy Form, page-39

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