suspended pending recapitalisation negotiations, page-7

re: suspended pending recapitalisation vote What a joke the notice of EGM and attached letter are.

The letter says to contact the company if you have any questions. What's the point? I emailed my questions to the company over a month ago and I am STILL awaiting a reply!

As SES this company was more informative than they are now. In the past I had sent emails only to get replies within days, on some occasions even on the same day.

The whole annual report for 2006 reads as though the company is on the brink of financial collapse but the main issue addressed for causing this is the warranty problems in the water division of which there is only a smallish amount allocated to cover possible costs.

The report, and EGM/AGM notice, go on to say that they have got things set to turn around, so why do they need to give away effective control of the company to a guy that doesn't own any shares in his own right and whose contract with the company ends 30 June 2007?

Surely there were better alternatives than this. Based on the information, or lack thereof, contained in the notice of meeting and advertising material for this recapitalisation (oops, I mean Annual Report) plus the lack of answer to my questions emailed to the company I have decided to vote NO on every resolution.