Questions for Eric OwensHello Eric,
I have revised my list of questions somewhat and noted some fellow posters have similar questions, so I trust that you could take a glance and just answer what has not been covered by prrevious questions.
Q1, Support from AEM: You (EO) have been telling people on the phone and in various meetings that he has the support of AEM and a few other major shareholders. Can you repeat that claim in this forum that he has the condidence and full support from AEM (8%OS).
How much support in total he has now from shareholders?
Q2, Dan Palikrousis (brother of Mary Vorvis, former VP of AZX): How much commission he would make from the ~$20M PP that was arranged without the approval of the current BoD. Is this entire financing arragement still in force, or has it fallen apart?
It has been reported that (by the current management) that $5M of the total package of $20 has been kept, in trust, by your (EO) personal laywer. What has happened to this sum of money? Has it been returned to the potential investors?
Q3, The proposed slate of directors would include the 3 new nominees:
- Hopkins
- Mellon, and
- Sutherland
to replace Gundy, Henry and O'Connor
Owens, Geis, and Patil would stay on the list as nominees.
Can you ( EO) explain the Patil situation,... why was she included in the lawsuit against Gundy, Henry, O'Connor, and Patil?
Q4, Dilution through equity financing: According to current management the dilution could be in the order of 55%, compared to sale of non-core assets (as stated in the 6 June 2018 NR) which could fetch similar amount without any dilution. Please explain the advantage of your financing through equity?
Note: AZX United, a loosely organized group (i.e. not legally binding) of "like-minded" investors has some 57M shares (almost 12%OS). It could be more it could be less, but it's a fair chunk. Some of us has a good holding (over 1Ms each). The main objective of the group is to get a fair and reasonable return for their investment.
GH