Thursday, December 22, 2016 2:16:25 PM
Asking them what they are going to do about it in terms of areas where they have some control is the interesting bit...why LL can explain more than they can publicly or when can we expect a CFO or Chairman etc?
The area I'm most concerned about for everyone of us is asking them that in future refinancing or raises could they confirm retail investors will sit alongside management in any dilutions that go with it....or is it the intention of management to strike a non dilution clause in any of these financings?....this goes a long way to ensuring we don't get any more or less shafted over the next several months until the news we have all been waiting for kills the shorting dead. I appreciate I should have attended but I live in the U.K. ..I have emailed management and asked this but despite reading all our emails they have not responded by saying something along the lines in public "we acknowledge the painful journey shareholders have experienced with our share price and we as management are doing everything to ensure we bring about a positive conclusion and confirm we will not strike any refinancing or cash raises that favours management over any other shareholder through either dilution or any other means until such time that we have achieved strong financial targets set by the remuneration committee that is independent of the executive directors......this would go a long way in making many shareholders feel they are acting in the best interests of all shareholders as to protecting ones own control over the business at our expense....I do not think this is an unreasonable request. GL
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