2008 Costa Exchange AGM audio
November 28, 2008
We had free reign at the recent Costa Exchange AGM. Listen to the line of questioning we put to chairman Frank Costa and the board.
Who are our bankers and what debt covenants do we have?
How is your private financial situation Frank?
Is the water rights figure on the balance sheet a conservative one?
Have you thought about taking the company private?
Is the Costa family in a position to support a capital raising?
What is the relationship with Timbercorp?
Will you be serving a full term chairman?
Why didn't you join us earlier chairman?
What is your chairman's fee?
Could Timbercorp support a Costa Exchange capital raising?
There is a 19% forecast drop in earnings for 08/09, are we likely to see a comparable drop in CEO salary?
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