Originally Posted by
digger
Went to the Wellington meeting today and became one of the .001% that was in attendance. It was short and dealt with the single motion on the table that being to offer AK 3 million options for 1 dollar in 3 to 5 years time. 30% of all avaliable vote were cast for,against or abstain. The remaining 70% of votes were not received in time for the meeting so as with any democracy were not part of the action.
These figures differ from what some of you are saying but i can not see where you cals are coming from.Where do you see that non votes were counted as votes in favor. That one beats me.
The presentation at the end of the meeting was given by AK after the formal meeting closed .It is on the web site and well worth a read.We have some very interesting things coming up in the next year or two,any of which could change the value of the company.Now i know that about 10 years ago Arjay and I were coming back from Auckland AGM saying the same thing.Still the overseas ventures make it different now with both more upside and downside.I personally would have stayed in NZ[look at how well TAG has done]. Note also the directors are pointing out that there is limited downside to the overseas ventures but i am not convinced on that one.
A big hello to the woman who sat next to me who wanted a cup of tea after the meeting but could only find that all being offered was cold water.I hope that in every way AK leads his team in the same penny pinching spirit until we find some more oil,and if he does we can all look forward to a large drop in adminstration expenses.
Cheers all