Management in this circus are absolutely hopeless, they cannot...

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Zammita

552 Posts.

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06/09/18

20:17

Post #: 35454627
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Originally posted by fooca ↑

To all shareholders that were affected by the Small Holding Sale Facility.

From the announcement released to the market on the 19th April 2018,
https://www.asx.com.au/asxpdf/20180419/pdf/43tbhxx53sr6kv.pdf
Under the terms of the sale as per the announcement:

View attachment 1279059

and from the last published announcement re: Revised Company Constitution released to the market on the 23rd March 2012:
https://www.asx.com.au/asxpdf/20120323/pdf/4256yblcbdjw40.pdf

Under the terms of the sale the as per the Constitution:
View attachment 1279055

The "retention/appointment date" was the 6th June 2018,
The 5 dates as per the above when shares were traded in GPP were:
28th May $0.0075c
29th May $0.0075c
30th May $0.0075c
31st May $0.0070c
1st june $0.0070c
5 day simple average = $0.0073c whereas they have paid only $0.005c
View attachment 1279085

No this isn't mine, but this person has been short changed by $67.68c but with the amount of shares sold as Small Parcels totalling 14,717,913 this is inflated to $33,851.20 that has not been paid to these unlucky holders, furthermore there has been no information as to who/were the recipients of these shares or has GPP purchased them back themselves?
The affected shareholders justifiably deserved to be at least paid what is owing to them....... and not what GPP feel like paying!!!!

As per the instructions on the announcement, any queries contact Matt Suttling, who happens to be the secretary to which one of his roles is compliance to ASX listing rules......

View attachment 1279091

ALL IMO only
cheers
but Shaking My Head .......

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Management in this circus are absolutely hopeless, they cannot do anything right.
They are only good at filling their pockets and ripping off loyal share holders.

Focca send it to ASIC to show them how dodgy this group is.

GPP Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
4 Upvote

1 Great analysis

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Management in this circus are absolutely hopeless, they cannot...

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