Best of luck. Would be very interesting if they call your bluff and vote you on !Quote:
Digger, mistaTea, and one other, thank you for your nominations and support. It is quite apparent from the communications from the NZO independent directors that they have no real experience with, or understanding of, the motivations of third party shareholders/investors in petroleum exploration companies. I'm sure they are both excellent in their own technical areas, and NZO has benefited from their expertise. However, being given the short straws in a takeover or scheme of arrangement is something quite different. It is also obvious that whoever is giving them independent advice, assuming they have independent advisors, is letting them down badly.
A good example of what should be expected from independent directors in circumstances such as this is the 2018 takeover offer from Infratil for the shares in Tilt Renewables held by minority shareholders. Fiona Oliver is the chair of the independent directors and to read through her communications during the takeover is enlightening, especially in comparison to what we as minority shareholders in NZO have been subject to.
It is for this reason I have agreed to be nominated. There is no way my nomination will be successful, but at least we as minority shareholders can use our votes as a form of silent protest.