2010 Wallace Absolute AGM
May 25, 2010
The first time we have been to a Wallace Absolute Return AGM. Asked four questions but was difficult to hear responses.
What is the relationship with new directors? Do any directors know or have associations with the proposed new directors?
Who precisely writes the cheque for the proposed underwriting?
Does the board have D&O cover for the directors? Can Spiro commit to the company, and how will he manage his time?
Can you tell us what the total spend has been in defence of the proposed EGM, and can you tell us about the liabilities involved?
Final comment: Shareholders are aggrieved and the majority of the board wants to go, so why not embrace the aggrieved shareholders and have representatives on the board?
Full audio
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