egm to remove md , page-2

the 5% rule is good, but the best guess i have seen still gives noel enough voting strength [he has heaps--paid little for them,but has heaps].

much as it makes me sick to admit it, the dilution from the next capital raising is the only hope for a new board.

i have only a token holding in 3d now,having sold down at the same time as bagging them. bought stuff that has proved better use of the money.

voting against the pay for the board,on grounds of abject failure may be a better way to go.

i and others that could see the disaster unfolding did our best to get the last takeover up at what has proved to be a massive price. drillsearch shares or 3d shares.noel described that opportunity as 'treachery'---then he describes destroying nearly all shareholder equity as merely 'sticking to his knitting'.