SF,I didn't thing Jukes post sought a response?I think HC is an...

SF,

I didn't thing Jukes post sought a response?

I think HC is an interesting forum, but won't create any change in the behaviour of our directors.

They have consistently taken money from shareholders via bonuses large salaries while returning nothing.

If one is to read the current resolutions in detail, you would note resolution 12-14 has shareholders paying $90,000 in shares to directors for a LOAN that they may or may not have to make to the company. If they do make the loan of $1.5m, then we have to pay them 12% interest on "normal commercial terms". Meanwhile, interestingly another officer of the company has had an outstanding debt of approximately the same amount for 12 months. And no interest has been charged.

Now some posters believe that HC is very powerful and manages to deter real investors from coming in. Again, it isn't the fault of the management/board, but someone else. Over the years, it's been NXGen, then the management of BioInquire, then the GFC, then a couple shareholders followed by the auditors and now it's the all powerful HC that seems to be holding the company back. One must feel terrible for the directors having so much working against them.

And just to be clear, the original post that you were responding to had no commentary by me, it was just cut straight from the annual report. Word 4 word. And when I read that, it contrasted with everything else we're being told by the company. Cynical I may be, but I've had years of unfulfilled promises and the only positive spin I've seen on HC comes without any factual support and in some cases comes with personal attack against thos who question what's gone on at the company. In my case I am a shareholder and that's it. And I've lost a lot of money, at least to me it is a lot.

And we've not had an answer to a single reasonable question. And I don't expect any, so I won't be disappointed.

PS at the last AGM, where a $6m loss was announced, we were told at the AGM that things had already turned around. Then this year, another $6m loss. No doubt this year's AGM we'll be told that things have turned around.