HDY 0.00% 0.4¢ hardey resources limited

… you think the average shareholder vote matters? … the current...

  1. 37 Posts.
    … you think the average shareholder vote matters? … the current “management” exist due to the average shareholder being deemed irrelevant …
    … review activities of mid – 2016 (trading as EYM – company had a chairman and directors #1, #2, #3) …
    • Director #1 launches 249D to oust Chairman and Director #2
    • Chairman and Director #2 launch counter 249D to oust Director #1 & #3
    • Chairman and Director #2 know the vote will be too close for comfort …
    • Chairman and Director #2 issue a bunch of new shares … during a 249D
    • New shares (people who control HDY today) vote with … anyone take a guess?
    • Chairman and Director #2, win vote (what a surprise!) …
    … the above was bought to the attention of the regulator at the time by a few of the shareholders who thought they should be able to vote on which directors stayed without new shares being introduced … regulator deemed it a director’s squabble and let the new shares dictate the course of the company … the result of which you have today …

    … shareholders were united back then … that is only enough if the regulator is vigilant …
 
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Currently unlisted public company.

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