I wasn't aware that this was the case. But fully support their participation.
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I wasn't aware that this was the case. But fully support their participation.
True Matt Hill holds 42 million as he bought some in the previous cash {.8 cent] issue and took up his full rights in this issue. Directors are though prevented from taking up short fall now unless they get shareholders approval.. I would just much prefer this short fall go to the directors than be left there for institutions not involved in NTL getting them on the cheap. I believe that all outsiders or if you like non current holders should have to buy in as we all did.
Will be emailing the company regarding this matter but beforehand wanted the general feeling here.
Hi Digger. I will hold 9 million after the shortfall. I'm supportive of the directors being able to take part in the shortfall
Yes Digger, 100% behind yor proposal.
Holding 2.2 / support your proposal.
Better than a pay rise as discussed on Hot Copper . Directors have more skin in game.
Cheers
Holding just over 4m shares. 100% with you Digger
4.4 mil. I'm in
"My 2 cents"
I would have been happy if Matt HILL was entitled and there was an announcement that he had brought up $1,000,000 worth of new shares in the shortfall... And I am all for management and employees having major stakes in companies of this nature..
But I hope there is another solution because I was really hoping the rights issue would be dead and buried well before the annual meeting and we would all be debating the proposal by AMER, production goals and Rahu on the back of a rising share price...
I am very impressed with the patience and loyalty by long term holders... The truth is the share price is going nowhere until the shortfall is resolved..
In short I support M HILL purchasing as many shares under the shortfall as he desires but I am against the process dragging out any further than it needs too
Thanks
Well I have got an update from Matt Hill. Looks like I should have asked him first before posting here.But good to get all your comments anyways.
Firstly the shortfall completed on Friday last so it is over and dusted. Any change to this would require a AGM remit and that would get complicated as the AGM date would have to be put back and that is just not going to happen.
While Directors could not take part in the shortfall it seems that associated companies and kin can [or so I am thinking]
In total there is a little more than 200 million shares locked up here which is double my holding so my interest in getting director skin on the table seems to be already achieved.
Thanks all for your support and comments.
Hope to see as many of you as possible at the AGM. Warning I am deaf so only just make out what is being said sometimes. Like displayed chart Management if you are reading
Cheers all and thanks again
Interesting today to see all the 0.006 sellers running fo the hills before 9.30 am . And then all sold, so onwards and upwards ...... I think some might have been selling at 0.006 and hoping to buy in the shortfall at 0.005 before fridays deadline. Now thats gone, no point in selling.
just a thought.....