Here is the stock response from the chairman to my letter regarding the forthcoming vote which is all but pointless if they only need 50% to get approval. All he suggests is holders read it thoroughly, as if that will change anything!
Dear Stephen,
Thank you for your email.
As you are aware, the FMS board must operate within the ASX Listing Rules
and Corporations Act 2001. All shareholders are entitled to vote on the
Delisting Resolution which will be put shareholders at an EGM on 22 January
2019. The Notice of Meeting ,which has been approved by the ASX, was
released yesterday and all shareholders are asked to ensure they read it
thoroughly and vote.
Kind regards
Neil Warburton
Chairman
Flinders Mines
FMS Price at posting:
4.0¢ Sentiment: Hold Disclosure: Held