Hi readers
Tomorrow is bubs AGM.
The board is of the understanding that all will be passed as the directors have guided shareholders to vote.
While you can all vote in accordance with what you all feel fit there are issues that I will be voting against .
While I can not guide you as to which way to vote, I strongly urge you to seriously consider the company and its future progress going forward.
The likelihood of the current board members and Kristy Carr being at bubs is a 50/50 bet.
THe remuneration to the MD is very very very generous considering that the company anticipates these numbers by the second quarter of next year.
As a shareholder I'm not a mug and I do know very well what's going on so the fact the the board is recommended to vote for this resolution is an insult to our knowledge as shareholders.
Resolution 8 also I will be voting against. The company doesn't need to use our value in the company to further expand.
It's does have the financial capability to do it through profits it produces.
While the company has burnt through 9 million dollars through expansion, I have a major issue with the cost of it administration and corporate costs.
While many of you will not be aware the company can afford to fund growth through its profitability in the products it sells.
Don't let anyone tell you otherwise.
The company is no longer in its infancy, it has the distribution, it has the sales and the marketing down pat.
It's one of the most expensive product in the market and sales are booming.
It's not rocket science to work it out.
As I said if the company's share price continues to fall anticipate action which will be to the detriment of the company and there will be nothing management or the board can do about it.
It's time as shareholders to stand and not accept what's being handed to us.
As we are in a period of Mercury retrograde accepting these 2 resolutions will be to the detriment of shareholder value.
It's for this reason that I'm putting the case before you.
I am not a financial advisor and the above is not financial advice.
Seek professional advice before making financial decisions.
The above is personal astrological insights into the above.
Disclosure
I am have a substantial number of Bub shares.
Tomorrow is bubs AGM.
The board is of the understanding that all will be passed as the directors have guided shareholders to vote.
While you can all vote in accordance with what you all feel fit there are issues that I will be voting against .
While I can not guide you as to which way to vote, I strongly urge you to seriously consider the company and its future progress going forward.
The likelihood of the current board members and Kristy Carr being at bubs is a 50/50 bet.
THe remuneration to the MD is very very very generous considering that the company anticipates these numbers by the second quarter of next year.
As a shareholder I'm not a mug and I do know very well what's going on so the fact the the board is recommended to vote for this resolution is an insult to our knowledge as shareholders.
Resolution 8 also I will be voting against. The company doesn't need to use our value in the company to further expand.
It's does have the financial capability to do it through profits it produces.
While the company has burnt through 9 million dollars through expansion, I have a major issue with the cost of it administration and corporate costs.
While many of you will not be aware the company can afford to fund growth through its profitability in the products it sells.
Don't let anyone tell you otherwise.
The company is no longer in its infancy, it has the distribution, it has the sales and the marketing down pat.
It's one of the most expensive product in the market and sales are booming.
It's not rocket science to work it out.
As I said if the company's share price continues to fall anticipate action which will be to the detriment of the company and there will be nothing management or the board can do about it.
It's time as shareholders to stand and not accept what's being handed to us.
As we are in a period of Mercury retrograde accepting these 2 resolutions will be to the detriment of shareholder value.
It's for this reason that I'm putting the case before you.
I am not a financial advisor and the above is not financial advice.
Seek professional advice before making financial decisions.
The above is personal astrological insights into the above.
Disclosure
I am have a substantial number of Bub shares.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.