Hello readers
By now you would have all received your Bub AGM paperwork and voting cards.
As your all aware your being ask to vote in favour or the resolutions .
The question is why should you ?
What's going right at the present time to make you want to vote in favour of these total bullshit resolutions.
Before I go off about some of the decisions of management I just want to make it crystal clear that as shareholders since August 2019 we have lost over $150 million in value.
Ask why is that if everything is going well and we are opening market and creating more sales why the hell are we leaking money.
As shareholders we can dictate how this company is run and looking at the resolutions, we will loose control if we allow them to pass and you don't even know it.
Understand that all executive have a plan of action to enhance share price in stock when trouble is at hand or before an AGM, it's for a smooth AGM and no drama.
But with all the news coming out everyone I know who is managing money is selling out because of these resolutions.
Resolutions 8 .. why do we need to change the constitution no one has an issue with it unless your wanting to takeover the company.
While you might not be aware but the company is being massaged to be takeover at the appropriate time this is why the constitution needs to be changed.
A decent shareholder with size has the ability to block any takeover until the right price becomes available, changing it and the shareholder becomes like everyone else.
The other crap about small parcels are seriously a distraction from the real agenda.
I will not be voting in favour of this resolution.
Resolution 9 .. last time I check Dennis Lin is executive chairman.
Executive chairman remuneration is $495,000 per year, since when was it ok to pay $5 million in remuneration.
I don't believe he should be gifted option at 10 cents, they should be valued at 70 cents.
If Dennis Lin is entitled to $5 million in remuneration then we as shareholders are paying Kristy Carr money for jam as she isn't doing a dam thing.
Something isn't right and as a result I won't be voting in favour of this resolution.
I have major issues with the current financial position of the company. To be leaking $16 million in cash reserves and yet demand remuneration with low watermarks is a joke to shareholders who know there stuff.
We are all in business and know what it takes to make money so why gift money for stupid decisions.
Is for this reason I am voting against Mr Matthew Reynolds.
A number of errors have occurred in the last 24 months and as a director with his expertise should have questioned the decision.
I still don't understand how $5.7 million in administration cost.
The purchase of Nulac business should becoming into full swing in the next 6-12 months and the low watermarks for bonuses are like a gift. I strongly suggest that shareholders vote against it so management can realise that we do know how to run a business and not take shareholders as fools.
As always use the above as an indicator to your own views.
These are my personal opinions and that's it.
By now you would have all received your Bub AGM paperwork and voting cards.
As your all aware your being ask to vote in favour or the resolutions .
The question is why should you ?
What's going right at the present time to make you want to vote in favour of these total bullshit resolutions.
Before I go off about some of the decisions of management I just want to make it crystal clear that as shareholders since August 2019 we have lost over $150 million in value.
Ask why is that if everything is going well and we are opening market and creating more sales why the hell are we leaking money.
As shareholders we can dictate how this company is run and looking at the resolutions, we will loose control if we allow them to pass and you don't even know it.
Understand that all executive have a plan of action to enhance share price in stock when trouble is at hand or before an AGM, it's for a smooth AGM and no drama.
But with all the news coming out everyone I know who is managing money is selling out because of these resolutions.
Resolutions 8 .. why do we need to change the constitution no one has an issue with it unless your wanting to takeover the company.
While you might not be aware but the company is being massaged to be takeover at the appropriate time this is why the constitution needs to be changed.
A decent shareholder with size has the ability to block any takeover until the right price becomes available, changing it and the shareholder becomes like everyone else.
The other crap about small parcels are seriously a distraction from the real agenda.
I will not be voting in favour of this resolution.
Resolution 9 .. last time I check Dennis Lin is executive chairman.
Executive chairman remuneration is $495,000 per year, since when was it ok to pay $5 million in remuneration.
I don't believe he should be gifted option at 10 cents, they should be valued at 70 cents.
If Dennis Lin is entitled to $5 million in remuneration then we as shareholders are paying Kristy Carr money for jam as she isn't doing a dam thing.
Something isn't right and as a result I won't be voting in favour of this resolution.
I have major issues with the current financial position of the company. To be leaking $16 million in cash reserves and yet demand remuneration with low watermarks is a joke to shareholders who know there stuff.
We are all in business and know what it takes to make money so why gift money for stupid decisions.
Is for this reason I am voting against Mr Matthew Reynolds.
A number of errors have occurred in the last 24 months and as a director with his expertise should have questioned the decision.
I still don't understand how $5.7 million in administration cost.
The purchase of Nulac business should becoming into full swing in the next 6-12 months and the low watermarks for bonuses are like a gift. I strongly suggest that shareholders vote against it so management can realise that we do know how to run a business and not take shareholders as fools.
As always use the above as an indicator to your own views.
These are my personal opinions and that's it.
