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clock Created with Sketch. 16/10/18
20:47
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Originally posted by D1326:
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As the announcement of the 5 for 2 non renounceable rights issue is so devastating for small to medium shareholders and definitely not in the best interests of shareholders, it would have called for the urgent resignation of the only independent director and the reason that he was not replaced. No one would want to be associated with a rights issue like this one. hence we have no independent director which breaches our own constitution. This was timed so that the uninformed and never updated shareholders would think that it had something to do with the repayment of the note but of course it was all just part of the deception that the Board was planning.
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I don;t remember what percentage you got to of shares in support from your initial post, but I note on MLM yesterday that a 249D was issued by 5.2% of holders calling a meeting to spill the Board....surely you got more than 5.2%?
(20min delay)
