YTC 0.00% 23.0¢ ytc resources limited

Hi Amok.As best I can recollect as I have thrown the paper work...

  1. 84 Posts.
    Hi Amok.As best I can recollect as I have thrown the paper work I had away. The letter to Dr Gao chairman of YTC related to an objection by a large shareholder who was an original founder of YTC to two directors being on the board due to be re elected.This was found after legal advice not to be a factor in the re election and the motions were not put to a vote.Dr Gao was not in attendance as he had prior commitments back in China and sent his apology.As for Dr Zeng what was told to me, there was a concern by some shareholders that the Chinese were over represented on the board.The proxy vote was against his re election.A show of hands was taken on the floor on this motion and the vote was split so the meeting was suspended while we voted in a secret ballot on the number of shares we held as to whether he would be re elected.The vote again was not in his favour so the motion to his re election was not carried.Personally talking to Dr Zeng before the meeting and after I found him to be happy to answer any questions.I don't care what colour or breed you are if you do the job then you deserve your position in whatever you do.The funny thing is at the Agm so few people ask questions.I asked a couple then turned to the other share holders and told them to ask some questions.After all it's really the only time you can feel involved as it's your money they are spending.The after meeting tucker wasn't the usual high standard.I did ask that at next years meeting could we see some some core samples in the flesh.They will take my request on board.Hope this has been of some help.Cheers dave3107
 
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