There is no honour in Directors who have to vote for themselves to retain there seat after being the subject of 2 remuneration defeats and 2 no confidence motions within 2 months. Did I mention they also couldn't get a quarterly out just days after they attempted to join a peer group in a strategic plan such as Bellemys, Fonterra, A2 milk etc. Couldn't complete the smallest of hurdles on time straight after releasing a document that was titled a plan to re list.
Its ts worth keeping in mind when looking at the results of the spill meeting that all nominees in the first four resolutions voted for themselves and have 124,592,924 shares between themselves and their family and related party and 141,897,055 when the chairmans votes are added. .
The 249D burial attempt did not happen as the boatd must have thought better than to attempt that act of stupidity
The 249D will have to be resolved within the next 6 weeks and there will be 102 million shares that will be excluded. That vote will be a lot different..
PDF Price at posting:
2.9¢ Sentiment: Hold Disclosure: Held