Good morning all,
I was reading through the ASX rules regarding Directors being re elected i.e every 3 years, It appears the MD's do not need to put their hand up for re election,
Craig was elected as the MD in the 2012 AGM, over the past 5 years he hasn't needed to put himself up for re election, it was clear in the 2017 AGM that 43% of shareholders where unhappy with his performance, with CM nearly missing out on his 5 mil incentive options.
I am hopeful that that company is looking for a new CEO that will better reflect the companies focus of Graphene and IP development, If this doesn't happen prior to the AGM, I will not be surprised to see the second strike against the company
I also noticed that our Joint company secretary used to be part of the company in 2012,
Notice of AGM notices 2012-2017
https://www.asx.com.au/asxpdf/20121109/pdf/42b2q2v2fwnykl.pdf
https://www.asx.com.au/asxpdf/20131118/pdf/42ky14mt5kvv2t.pdf
https://www.asx.com.au/asxpdf/20141002/pdf/42smlr64n7dn8y.pdf
https://firstgraphite.com.au/investor-relations/asx-announcements?task=document.viewdoc&id=210
https://firstgraphite.com.au/investor-relations/asx-announcements?task=document.viewdoc&id=142
https://firstgraphite.com.au/investor-relations/asx-announcements?task=document.viewdoc&id=302
I really wonder if we will see a ASX announcement tonight?
WG FEC weekly commentary was very brief this weekend,
http://www.fareastcapital.com.au/imagesDB/newsletter/WeeklyComm9June2018.pdf
I am still waiting to see the "frequent and exciting news" from UOA and Flinders Universities and the "busy and exciting June QTR" that was part of the companies March Financial News Network video. (3.30 onwards)
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