RE: RE: RE: RE: Lefmik1 - Question to all persons I think it's pretty obvious that if people have taken the time to post their shares here on the list that they are opposed to the deals already. I originally suggested including a total share price they would vote yes. But that seemed to get lost. I suggest that instead as more useful as we're just going to get everyone saying no again.
Further, it is also likely that these same people are disillusioned with management. Myself included. However, although I am inclined to want to replace them, you don't actually fire the board. You elect a new slate of directors, who replace them.
So it is one thing to say you want a new board. However, if this is serious, we need to find nominees that people would vote for first. Then the board choose the new CEO. That means likely getting Sprott and the other funds to find a couple nominees each. So this is all very premature in my opinion. This is more agree in principle. And based on the stock chart and results of FIU over the last few years, and the current deal, I don't think it is going to be hard to create a consensus that change is needed and current management have failed miserably in their duties and need replacing. All it will take is putting an acceptable alternative forward and there will be a stamped to vote for it and kick the current incompetent bums out.
I would suggest using your contact to ask Sprott, if they would be in favour in principle of putting a new slate of directors up for election. They need to be on board, and have the contacts obviously with the other funds to make this happen. Suggest this and offer our support in the vote. My suggestion would be for the funds (Sprott, Olma, others, to each put forward a couple nominees each. Maybe even put forward someone ourselves to represent the retail shareholders. Thereby, forming a new board when you put them all together. Hopefully, that is representative of all shareholders interests, but also has the skill-set to turn the company around, or sell it for a proper price. Ideally we would even have AGA included, as it would make a big help in the vote, as well as the ability to find a competent management who have an ear to the ground in South Africa.
Once this is done and we have a slate, we then call the meeting. At that point, it would likely be a fait accompli to get everyone voting for it. Sprott and the others already have the 5% already needed to call the meeting. We just need to pledge our support and proxies to them in favour, or to vote it ourselves.