You keep saying this spike, what exactly do you mean?
What is your assumption of what will happen?
I am no fan of the BOD but at the same time as a shareholder I personally see them as our only chance to get any sort of return on our investment in the form of damages from the various arbitrations.
If we vote them out, what is the alternate?
Or do we simply lose our investment and we're done and they get off without any consequences for the situation they put us in.
I keep saying it because that's what I think will happen. I'd prefer if it didn't because while I don't think BOD are perfect, I do believe they are doing their best to resolve this in a way that we all get something.
But I think you are misguided if you think we in here can band together like last time and thwart any hostile shenanigans because I don't think that's where the killer blow will come from. It will be the rest of the 20,000 share holders who have no idea of the real story and are fucked off with what has happened and blame it on the current BOD, no doubt having been recently poisoned by such hostiles as we get near that date.
20,000 yeah? So in here, I estimate there's say... a few thousand who are members. Let's say 50 percent are for and 50 percent are against. So we have a thousand positives. Of which about 100 are active posters and of those 100 about 30 are regular contributors. But I've often noticed even all of those regular 30 aren't all sunshine and rainbows when it comes to the BOD, so we can't really be sure how anyone here will vote.
But the big indicator for me was the last AGM where the BOD received their first strike. That only requires 25%. So it will only require 25% once again for a second strike and then the BOD will be fighting for re-election. I reckon after what has happened there's a fair amount of the uninitiated shareholders (the ones who really have no clue of this entire shit show) will push that 25% higher, which is not really of any concern because it will only take 25% but what concerns me is what happens after. Which is the re-election.
I have nothing against the board but I just keep going over the numbers in my head and I keep looking at the calendar thinking to myself, 'What is the most likely outcome based on what we know to date?'
It's more a case of me being a realist than anything else. Of course I don't really know and as I said, I would love it if my fears don't become our reality.