Hi All, if you agree with VYR and will vote against the name...

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Civarow

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06/12/17

16:50

Post #: 29426426
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Originally posted by VYR ↑

Just in case you missed the hidden message.

Take Head and vote no

XPD yesterday released the attached notice of a General Meeting in PERTH on 3rd January to approve a change of name to EWG Holding Group Limited.I strongly suggest voting AGAINST the resolution for the following reasons.- XPD remain suspended due to the failure of the controlling shareholder, Chou Qin International Co Ltd, to correctly disclose their shareholding- Chou Qin have made three recent ASX disclosures, 250m shares on 5th October, 211m shares on 11th October, and 177m shares on 17th October- The ASX is not convinced with their response, see attachment and excerpt below.- Chou Qin has already admitted selling 73m shares (about 17% of the issued capital) without disclosure or explanation. This is entirely unacceptable behaviour for the Managing Director's company. They may have sold even more.- The meeting in Perth on 3rd January suggests they are attempting to convene a meeting as far as possible from shareholders at an inconvenient time.- The reason for the meeting seems ridiculous, there's much more pressing issues to be addressed than a name change.- One concern I have is that a name change may be an excuse to change the focus of the company and potentially invest some of the $50m+ cash in an unrelated business.Please vote AGAINST the resolution and send Chou Qin a message that minority shareholders are not impressedI URGE ALL SHAREHOLDERS TO VOTE, no matter how large their shareholding, we need to muster sufficient votes to vote the resolution down and send a powerful message.There may be other opportunities for minority shareholders to have their voice heard soon, watch this space.

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Hi All, if you agree with VYR and will vote against the name change, please give it a TU to VYR's original post. civarow

XPD Price at posting: 3.3¢ Sentiment: Hold Disclosure: Held
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Hi All, if you agree with VYR and will vote against the name...

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