Hi readers
I thought I'd wait for the dust to settle before I posted comments regarding bubs AGM.
First of all I want to make the point that I'm disappointed that I got back door on the vote by people who I believed had good intentions for the company.
It's taught me not to trust anyone's word when it comes money.
As they say self interest is the only interest that matter.
Had I known of the backdoor move I would have happily margin lend to Aquire more stock to block the vote.
My error and I have accepted and moved on but won't be forgetting it ..
You know who you are !!!
The implications of the AGM vote is shareholders we are going to pay up with cap raises to expand the business and grow it only to sell it to the Chinese government.
The stock is being suppressed for everyone to liquidate there holdings, and the Chinese to buy on the cheap.
Questions which still amaze me is
Why did it take 9 months to move the headquarters from Sydney to Melbourne.
If the margins are as management is saying then why do we need to capital raise when the product being sold is making a profit.
Company still have plenty of money in the bank?
So I don't pity shareholders for the share price suppression, hell it could drop to 80 or even 70 cents after the raise is finished.
As has been the case previously..
Am I taking up my allocation no bloody way, I'll wait for in the new year and then decide if I am buying it at 80 or 70.
So who's paying for the CEO to be flying Sydney to Melbourne, have a guess people shareholders.
Either move to Melbourne I say or move on your time is up with the amount of capital which has been wasted by this CEO and board, giving the approvals.
But shareholders voted for them to stay on so shut up and take it as the saying goes.
Investors need to understand that you own this company not Kristy or her mates.
By the way I doubt she will be selling her house that she recently built either.
The performance bonuses are way to low and as far as I'm concerned I can't believe how poorly managed this company has become with such positive astrology, could you imagine if the astrology was neutral, this company would be broke by now , very disappointing.
I thought I'd wait for the dust to settle before I posted comments regarding bubs AGM.
First of all I want to make the point that I'm disappointed that I got back door on the vote by people who I believed had good intentions for the company.
It's taught me not to trust anyone's word when it comes money.
As they say self interest is the only interest that matter.
Had I known of the backdoor move I would have happily margin lend to Aquire more stock to block the vote.
My error and I have accepted and moved on but won't be forgetting it ..
You know who you are !!!
The implications of the AGM vote is shareholders we are going to pay up with cap raises to expand the business and grow it only to sell it to the Chinese government.
The stock is being suppressed for everyone to liquidate there holdings, and the Chinese to buy on the cheap.
Questions which still amaze me is
Why did it take 9 months to move the headquarters from Sydney to Melbourne.
If the margins are as management is saying then why do we need to capital raise when the product being sold is making a profit.
Company still have plenty of money in the bank?
So I don't pity shareholders for the share price suppression, hell it could drop to 80 or even 70 cents after the raise is finished.
As has been the case previously..
Am I taking up my allocation no bloody way, I'll wait for in the new year and then decide if I am buying it at 80 or 70.
So who's paying for the CEO to be flying Sydney to Melbourne, have a guess people shareholders.
Either move to Melbourne I say or move on your time is up with the amount of capital which has been wasted by this CEO and board, giving the approvals.
But shareholders voted for them to stay on so shut up and take it as the saying goes.
Investors need to understand that you own this company not Kristy or her mates.
By the way I doubt she will be selling her house that she recently built either.
The performance bonuses are way to low and as far as I'm concerned I can't believe how poorly managed this company has become with such positive astrology, could you imagine if the astrology was neutral, this company would be broke by now , very disappointing.
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