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Yesterday I revealed how disgraced Rod McIllree of Bluejay Mining (JAY) infamy was contriving to stop scouse penny share promoter Doc Holliday from requisitioning a sack the board EGM at More Acquisitions (TMOR) which Doc would almost certainly win. Holliday is far from an angel, as I have noted here a number of times but if you believe in shareholder democracy you should back him 100%. If you own shares in More, this is what to do:
You have until July 5 to lodge a proxy vote for the 10 July AGM. Make sure you vote and vote AGAINT ALL Resolutions.
McIllree and advisors at Peterhouse will be monitoring the voting and with Holliday himself holding 6.48% and, apparently, speaking for another 40 investors, and directors McIllree and Charlie Goodfellow, the folks who’d get a £100,000 screw if More did an RTO, any RTO at all however bad, having not that many shares the writing could soon be on the wall.
If all resolutions are voted down then the shares will be suspended. Peterhouse will want to avoid that and if it is clear that the Holliday camp speaks for the majority, Peterhouse will force the directors into backing down and, I’d hope, standing down.
I have reservations about one of Doc’s proposed directors as I explained HERE but I have many more reservations about McIllree.
So, for the sake of democracy, we dirty plebs vs the City fat cats, I urge all shareholders to lodge a proxy asap voting against every single resolution in order to force the issue.
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