I am not suggesting that they cannot vote and or have the right to vote, what i am saying is that i don't see how they
can be voting with shares that are still held in escrow and they effectively do not own those shares until certain hurdles are met. It is clear based on the set of results that have been released over the past year that a material % of those escrow shares will be clawed back and that is my point that you cannot be voting with something that you do not own OR have a right to until certain milestones are achieved . ... I would like to see at the EGM how these businesses have performed against their commitments.
In short , i dont think legally that shares that are held in escrow have voting rights and will be reporting this to ASIC. .
On a more important note, reading the EGM notices i am left with an uneasy feeling regarding leadership and appointments and it is absolutely clear in my mind that the a change and fresh board is required to navigate this business into the future.
So based on the above all i am saying is that no probs with the vendors voting with shares they own but if the shares are still in escrow i have my doubts whether they have rights and or voting rights attached to them - . In addition i am only suggesting that if some of the vendors assets are under performing and they have over promised and under delivered as would appear to be the case , the board have not been able to implement any meaningful changes to date than we cannot be lead by the same management team and need changes.
My final word is that without change we going to have the same results which i think will be the continuing destruction of the share price.
We need performance and results to be achieved for the stock to gain momentum.
