This company has its unique profile and some very upset...

This company has its unique profile and some very upset shareholders who have good cause to be so.
Management in this company have a small private business mindset in that they offer shares to themselves and those close to them and not the public market.

The board is a non functional board under section 228 of the Corporations Act and as such every resolution they make is invalid and can be overturned in the future.

Minor shareholders in this company feel that they have been suppressed and decisions are not made for the benefit of all shareholders so they do not have a voice in their investment.

Such oppression places shareholders in a corner and when they are pushed to the point of belief that they will lose everything due to inaction/incompetence by management they only thing left is to fight back.

The AGM vote is just the first move and if you feel suppressed and think that your investment doesn`t count then make it count at the start of the fight back by sending your proxy form to the company secretary at [email protected]

We are putting many hours in to get back some value for your investment and ours. Probably more than the current management and we will see this incompetent board gone, only a matter of time and the AGM is only the start.

IMO DYOR