Not yet - votes will be posted to NZX as soon as they are available.
A pleasure - next week I'll do the same for either TIL or OHE (they're on at about the same time)
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Not yet - votes will be posted to NZX as soon as they are available.
A pleasure - next week I'll do the same for either TIL or OHE (they're on at about the same time)
Oh very nice - I'll check the nbr tweets for comparison :)
Rakon 2016 Annual Shareholders Meeting - Voting Results
4:39pm, 16 Sep 2016 | MEETING
16 September 2016
Rakon Limited (NZX: RAK)
Resolutions Voted at the 2016 Annual Meeting of Shareholders
All resolutions proposed at the Rakon Limited Annual Meeting of Shareholders held on 16 September 2016 received a majority of votes.
The specific resolutions voted were:
1. Bryan William Mogridge was re-elected as a Director of Rakon Limited.
For: 109,431,352
Against: 20,272,860
Abstain: 536,682
2. Darren Paul Robinson was not re-elected as a Director of Rakon Limited.
For: 57,517,988
Against: 70,665,346
Abstain: 2,057,560
3. The directors are authorised to fix the Auditors remuneration for the ensuing year.
For: 128,590,781
Against: 472,734
Abstain: 1,177,379
The Board has determined that, in its view, the Independent Directors of the Company (in terms of the NZX Listing Rules) are Bryan Mogridge and Bruce Irvine
Good work NZSA ......
Just thinking - Events that almost happened:
Rakon was looking to Investing, Develop Internet Of Things but this project name didn't work - Idiot
Rakon realized that it needed project identification codes to help identify projects so it added ID to the start of each project. Also to further clarify who was responsible a senior manager or board member would be tagged to the end of the project name. Guess what happened when they got to the project below?
IDIOT - Bryan Mogridge
A lot of experts on here it seems who have started a high tech component manufacturing business from a garage 50 years ago and subsequently turned it into a venture with many millions of $ of sales...
Judging by the questions asked at the meeting a fair chunk of those present couldn't have much of an understanding as to what the company actually does. (might not be able to touch their toes either without tipping over)
The company could start its 20% cost cutting procedure by enacting a small shareholder sale facility for the 25% of the register in number that hold less than $440 of shares.
You rocked the shoes Blendy.. ;-)
Been a disaster for shareholders. Only winners have been Robinsons. Congrats to the Shareholders assn and those that were proactive. heres hoping some good comes from this. No consolation for original holders though.
https://online.asb.co.nz/ost/83B1D97...&indicator=vol
[QUOTE=moimoi;637164]A lot of experts on here it seems who have started a high tech component manufacturing business from a garage 50 years ago and subsequently turned it into a venture with many millions of $ of sales...
Judging by the questions asked at the meeting a fair chunk of those present couldn't have much of an understanding as to what the company actually does. (might not be able to touch their toes either without tipping over)
The company could start its 20% cost cutting procedure by enacting a small shareholder sale facility for the 25% of the register in number that hold less than $440 of shares.
You rocked the shoes Blendy.. ;-)[/QUOTE
That $ 440 of shares was worth more than $ 10,000 in better times .
If you take time to read annual reports these guys made references their chips would be in most smart phones etc, etc . As they admitted today they thought they had contracts with many companies but never managed to pull it off ... Was that the sales managers fault ??? Meantime there have been billions of smartphones made and this company is pretty much a Penny dreadful .However still paying blue chip salaries ...,,,
Many millions of sales is irrelevant if the cost of sales is many , many more millions . Hence this company only turning a profit one year .... Despite promises every year to do better ....