Sheepdog Time, page-12

“So who else could do sheepdog job?”

You’ll be pleased to know that there are other options which I won’t discuss on HC for obvious reasons.

FMS minority shareholders have very good reasons to feel that they are oppressed and that FMS has completely overstepped the mark IMO. IMO those reasons include, but are not limited to-
1-The apparent lack of info, detail and transparency, and especially positive info (now over many months). Including the company not updating the company website.
2- The attempts to change the company constitution and the possible consequences had those changes been passed.
3-The unprecedented decision not to provide shareholders (some of whom had travelled long distances) with an MD or equivalent presentation of the last years achievements, company vision and future plans.
4. The apparently deliberate closing of the AGM after official business that appeared to be to avoid answering shareholders questions and to avoid transparency.
5. Not allowing sufficient time for shareholders at the AGM to ask all the questions shareholders had.
6. Avoiding full and open answers to many of the questions that arose after the Chairman had tried to close the meeting.
(7. And I’m not even going to add all BBI/PIOP related info in this list!). Oops, I just sort of did.

That’s my take on it and, of course, I could be wrong. The results of the voting, especially the numbers of votes against all resolutions, say it all IMO. I’d say that FMS need to take a long hard look at themselves in the mirror. The word “arrogance” may come to mind. I don’t believe any director worth their salt would be proud of the perception of the vast majority of FMS shareholders have for them. And if FMS are foolish enough to just believe that FMS shareholders are just a bunch of troublemakers then they need to think again. For example I post on HC, I hold many stocks, for many of my stocks I have never posted anything on HC, and for a couple of others I rarely post anything and when I do they are always positive toward those companies. I know of many other FMS posters that are similar. I’d rather not feel the need to keep posting on HC about FMS, wouldn’t we all?