ERD has potential but the debts that I worry about.
They might need to raise capital ...
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ERD has potential but the debts that I worry about.
They might need to raise capital ...
So at ASM Remuneration Report not adopted. More votes against than for. Not surprising.
Does that mean if it happens again the Board can be ‘spilled’ under the two strike rule …that could be fun.
Interesting
http://nzx-prod-s7fsd7f98s.s3-websit...470/399356.pdf
ERoad make a big deal of complying with not just NZX regs but also the ASX regs ….good on them (maybe a hidden message in that)
They didn’t have to have this vote but chose to do. Full explanation in Notice of Meeting and this paragraph sums it up.
As a New Zealand registered company, EROAD is not required to comply with the Corporations Act. However, the Board has determined that as it seeks to continually improve its governance in accordance with evolving international best practice, it should offer shareholders the opportunity to vote on the Remuneration Report and to call a spill meeting in accordance with the Australian Say on Pay regime
If true to their word need to follow through next year …and possibly hope for a better outcome.
Are punters slowly giving up hope of a higher offer and selling out
70 cents it is ……not a new offer but a capital raise
http://nzx-prod-s7fsd7f98s.s3-websit...797/402433.pdf
OMG... ouch.
Well it was posted a lot on this thread that the balance sheet was weak and fresh capital was needed and this is why a lot of us sold straight after the partial takeover was announced.
Guess if you are still holding you have faith in the company and will be willing to participate
Ruthless...better to sell the whole company at $1.30