* Has the board given a business plan to anyone? * Has the current board delivered Shareholder value in over 12 months.
We do know that the board recently put forward a resolution that effectively gave half of the company to a few shareholders for $300,000k worth of options and shares.
We do know that the board has taken salaries while watching the SP drop from .16 to .001 in 12 months.
Perhaps your very valid questions should be put to the "current" board. WendyS does not need any measurement or assessment here from anyone. She was not part of management or the board for the last 14 months. Further she has no wish to sit on any board. She believes that she lacks the experience, hence why she put forward "professionals" with proven track records who would do a far better job. They have more appropriate skills than she has.
She simply cares about her interests and that of other shareholders.
Wendy and Jason's track record stands solid theyhave two successful businesses that produce revenue and profit. They do not issue shares for operating expenses. They provide a service and get paid for it.
As for the EGM some received notices yesterday afternoon, but we understand some people still haven't received theirs. Perhaps the mail is slow due to Christmas. Whetherwe have proxies yet or not will not be disclosed. The board will no doubt will get the information all in good time.
Think what you wish about Wendy's motivation, her litigation is real and so are the reasons for the 249D- and nothing was done silently, all out in the open for all to see, hence what you're here talking about it on HC right? The "coup" you speak of is clearly something to be considered with the options given away by the board. We ask were all shareholders offered these options?
Further 'spite' selling is reflective of the situation that the company is in. Lets not forget that if it happens as it likely will, then it means that the company has not addressed the issues effectively
IMO DYOR
MOT Price at posting:
0.1¢ Sentiment: Hold Disclosure: Held
