AVZ Discussion 2022
- Thread starter GazDix
- Start date
I have no doubt Avz have done all the right things with Dathomir, Cong signed docs, money was transferred, case closed....
my point is, which i dont think you are getting is, should these red flags have been disclosed via the ASX ?
Just a simple statement like, " it has come to our attention that Dathomir is disputing the 15% transfer, AVZ are resolute that all processes were undertaken legally and we have good title. Dathomir dispute is spurious and lacks merit."
Same statement could have been made with Zijin ROFR...
...yada yadaThe fact is, LTSH thought everything was rosy when ML decree was awarded............then the shit hit the fan .
Sorry, that doesnt pass the pub test!!
imo
PS.........waiting for dave evans to give me a serve and put me on IGNORE aka Hudnut.......
Retrobyte
Hates a beer
Omni Bridegeway will gather legs if this MOU / ML doesnt come to fruition and LTH have to await ISCID deliberations which could take years....
or maybe they won't.
‘Aggressive’ litigation funder Omni Bridgeway accused in UK fee fight
A lawsuit against the Perth-based firm is the first major challenge after a UK Supreme Court judgment effectively nullified most litigation funding agreements.
theghostwithin
1,347 Posts.783
Date:03/11/23Time:10:13:31Post #:70706256
For those that tell us the two international arbitration courts we are now working through have no teeth - take a look at what another Aussie small cap is doing just down the road in Tanzania.
https://hotcrapper.com.au/attachmen...ame=231103+IDA+Judgement+stay+of+enforcement.
fuck me
Steady on, there's no "fake surprise/feigned shock" emoji. I did my best.
Spikerama
Regular
Not my cup of tea mate and as I always say, there's no need to be offensive and resort to poo jokes and abuse when we have so much great evidence and material to work with.
I do respect that when you are angry it's hard not to lash out with this kind of stuff but sometimes you have to be the better person.
Carlos Danger
Top 20
Like I said yesterday I would have disclosed it with an immediate ICC arbitration claim against Dathomir (with an injunction to stop the destruction of the share certificate leaving us legally ahead) and proper explanation to the market if I were them as trust with shareholders is more important than being technically legally rightI have no doubt Avz have done all the right things with Dathomir, Cong signed docs, money was transferred, case closed....
my point is, which i dont think you are getting is, should these red flags have been disclosed via the ASX ?
Just a simple statement like, " it has come to our attention that Dathomir is disputing the 15% transfer, AVZ are resolute that all processes were undertaken legally and we have good title. Dathomir dispute is spurious and lacks merit."
Same statement could have been made with Zijin ROFR...
The fact is, LTSH thought everything was rosy when ML decree was awarded............then the shit hit the fan .
Sorry, that doesnt pass the pub test!!
imo
PS.........waiting for dave evans to give me a serve and put me on IGNORE aka Hudnut.......
View attachment 48734
I guess management didn't do that because technically the onus was on Cong to initiate arbitration and they thought they could get this overturned on appeal within the DRC. I'm sure they were also concerned that an international arbitration case within Dathcom could possibly delay the ML which they were claiming was imminent.
Even though I agree with their reasoning pending ICC outcomes about disclosure regarding the Zijin, Cominiere and Dathomir disputes, management (especially Nigel) should have definitely tempered their language about how well things were going in the DRC. We did end up getting the ML before the shitshow really began so they do get some leniency but clearly the MoP was already against us as well as our JV partners.
TheCount
Regular
Have you just declared Friday drinks open?
TC.
Carlos Danger
Top 20
Carlos Danger
Top 20
I can't fucking wait for our AGM haha
www.9news.com.au
'Shame on you': Qantas chairman jeered at AGM before unprecedented protest vote against executive pay
Qantas chairman Richard Goyder has been jeered at the embattled airline's annual general meeting, shortly before it was revealed a massive 83 per cent of shareholders voted against the company's executive pay report.
Shareholder Chris Maxworthy was asking a follow-up about the decision to allow former CEO Alan Joyce to sell most of his shares shortly before the ACCC announced it was taking the national carrier to court for allegedly selling tickets for cancelled flights.
After saying he would give Goyder the benefit of the doubt over the decision, but after questioning the timing and share price of the sale, the chairman asked for Maxworthy's microphone to be switched off, sparking boos, jeers and cries of "shame on you" from shareholders.
"We would never as a board or executive, and this goes to your question on ethics, would never ever do anything that we felt was illegal," Goyder said beforehand.
"And so we felt it was the right thing to do … I've got absolutely zero concern about the ethics of the people who sit alongside me (on the board)."
Joyce sold just under $17 million worth of shares in June after announcing his resignation. The share price then was $6.75.
The ACCC announced its court action on August 31, and Qantas' share price now sits at about $5.20, although fell to as low as $4.67 last week.
Goyder wasn't the only executive to face the ire of investors.
The entire board was issued a stinging rebuke when 83 per cent of shareholders voted against Qantas' remuneration report, which sets the pay for executives including Joyce and his replacement Vanessa Hudson.
The protest vote is well above the 25 per cent required for a "first strike" and one of the largest in Australian corporate history.
It is also the first time Qantas has ever received a remuneration strike, and while it doesn't have any material impact this year, a second consecutive strike next year would trigger an unprecedented spill of the Qantas board.
'Shame on you': Qantas chairman jeered before huge protest vote
'Shame on you': Qantas chairman jeered at AGM before unprecedented protest vote against executive pay
Qantas chairman Richard Goyder has been jeered at the embattled airline's annual general meeting, shortly before it was revealed a massive 83 per cent of shareholders voted against the company's executive pay report.
Shareholder Chris Maxworthy was asking a follow-up about the decision to allow former CEO Alan Joyce to sell most of his shares shortly before the ACCC announced it was taking the national carrier to court for allegedly selling tickets for cancelled flights.
After saying he would give Goyder the benefit of the doubt over the decision, but after questioning the timing and share price of the sale, the chairman asked for Maxworthy's microphone to be switched off, sparking boos, jeers and cries of "shame on you" from shareholders.
"We would never as a board or executive, and this goes to your question on ethics, would never ever do anything that we felt was illegal," Goyder said beforehand.
"And so we felt it was the right thing to do … I've got absolutely zero concern about the ethics of the people who sit alongside me (on the board)."
Joyce sold just under $17 million worth of shares in June after announcing his resignation. The share price then was $6.75.
The ACCC announced its court action on August 31, and Qantas' share price now sits at about $5.20, although fell to as low as $4.67 last week.
Goyder wasn't the only executive to face the ire of investors.
The entire board was issued a stinging rebuke when 83 per cent of shareholders voted against Qantas' remuneration report, which sets the pay for executives including Joyce and his replacement Vanessa Hudson.
The protest vote is well above the 25 per cent required for a "first strike" and one of the largest in Australian corporate history.
It is also the first time Qantas has ever received a remuneration strike, and while it doesn't have any material impact this year, a second consecutive strike next year would trigger an unprecedented spill of the Qantas board.
Azzler
Top 20
Dude they open at Midday.
Samus
Top 20
You have to admit the likeness is pretty funny!
I was just stirring, I think you've proven to be of the more sensible among us.
cruiser51
Top 20
What about the shift workers?
Nellie17
Regular
The huge difference is Carlos, our CEO (Nigel) never sold a share, when he could have, if he had wanted too!I can't fucking wait for our AGM haha
'Shame on you': Qantas chairman jeered before huge protest vote
'Shame on you': Qantas chairman jeered at AGM before unprecedented protest vote against executive pay
Qantas chairman Richard Goyder has been jeered at the embattled airline's annual general meeting, shortly before it was revealed a massive 83 per cent of shareholders voted against the company's executive pay report.
Shareholder Chris Maxworthy was asking a follow-up about the decision to allow former CEO Alan Joyce to sell most of his shares shortly before the ACCC announced it was taking the national carrier to court for allegedly selling tickets for cancelled flights.
After saying he would give Goyder the benefit of the doubt over the decision, but after questioning the timing and share price of the sale, the chairman asked for Maxworthy's microphone to be switched off, sparking boos, jeers and cries of "shame on you" from shareholders.
"We would never as a board or executive, and this goes to your question on ethics, would never ever do anything that we felt was illegal," Goyder said beforehand.
"And so we felt it was the right thing to do … I've got absolutely zero concern about the ethics of the people who sit alongside me (on the board)."
Joyce sold just under $17 million worth of shares in June after announcing his resignation. The share price then was $6.75.
The ACCC announced its court action on August 31, and Qantas' share price now sits at about $5.20, although fell to as low as $4.67 last week.
Goyder wasn't the only executive to face the ire of investors.
The entire board was issued a stinging rebuke when 83 per cent of shareholders voted against Qantas' remuneration report, which sets the pay for executives including Joyce and his replacement Vanessa Hudson.
The protest vote is well above the 25 per cent required for a "first strike" and one of the largest in Australian corporate history.
It is also the first time Qantas has ever received a remuneration strike, and while it doesn't have any material impact this year, a second consecutive strike next year would trigger an unprecedented spill of the Qantas board.
View attachment 48749
Cheers,
Nells
Last edited:
Winenut
GO AVZ!!!!
Carlos Danger
Top 20
I've repeatedly said I'm voting yes for remuneration to stop our opponents having more ammunition to attack the BoD with post AGM. But I'm not happy about the idea of raising capital in suspension especially when current cash is being used to potentially fund cash bonuses for management. And I'm sure there will be many people that don't care about what happens post AGM and will vote no for remuneration regardless. 25% is a far easier hurdle than 50% and it got really fucking close last year.
And I also suspect that the Qantas AGM won't be the only one with jeers. Albeit for different reasons than the CEO selling shares. More likely to be because the CEO couldn't sell his shares even if he wanted to during the last 18 months.
Hodlandwin69
Regular
One of the issues people are overlooking with disclosure issues, is that if AVZ were to keep telling us everytime a BS court case came up or corruption issue, it would clearly negatively affect the share price, opening an avenue for a hostile take over from the very people creating these bogus corrupt legal issues.
It's a fine line AVZ have been walking and you're welcome to interpret it how you want. But if the share price tanked due to a bunch of fake legal challenges and opposition forces bought up big then the board wouldn't be in control currently (if you call this control) and it would already have been handed over to Xi Jing Ping, or they just buy out the company for cheap and end up getting the ML and fake cases dropped pumping shareholder value which would be predominantly hostile opponents.
Hope that makes sense, I kinda rambled
It's a fine line AVZ have been walking and you're welcome to interpret it how you want. But if the share price tanked due to a bunch of fake legal challenges and opposition forces bought up big then the board wouldn't be in control currently (if you call this control) and it would already have been handed over to Xi Jing Ping, or they just buy out the company for cheap and end up getting the ML and fake cases dropped pumping shareholder value which would be predominantly hostile opponents.
Hope that makes sense, I kinda rambled
Similar threads
