Forum Topics TGA TGA Voting intention for the Upcoming AGM
techthumb
Added 6 years ago

TLDR: I'm voting in favour of all resolutions.

My list of reasons to vote against the current board:

  1. They made a bad call when they chose not to sell Thorn Business Finance
  2. Lack of transparency:They haven't communicated their plan for the company in the short, medium or long term
  3. My trust in the existing team efficiently using incoming funds to leverage the Radio Rentals brand is low.
  4. Cheap stalling tactics at the expense of minor shareholders: https://hotcopper.com.au/threads/ann-request-under-section-249d-of-the-corporations-act.5687696/
  5. Not working with other shareholders like Forager who have cut them some slack: http://www.takeovers.gov.au/content/DisplayDoc.aspx?doc=media_releases/2020/059.htm&pageID=&Year=


My list of reasons to vote in favor of Vaspip 2 propose to replace the board:

  1. They plan on returning excess capital to current shareholders
  2. De-merging Radio Rentals and Thorn Business Finance provides shareholders the CHOICE to stay or walk away from the company.


I'm going to vote YES/FOR for all proposals.

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Bear77
Added 6 years ago

Just to clarify @techthumb. You are referring to the upcoming TGA EGM, not AGM. They have already held their AGM. The meeting you are talking about is their upcoming Extraordinary General Meeting (EGM). And I agree with your reasoning by the way. Do you know if Forager supports this move? I do not hold TGA shares, but I still do hold FOR shares.

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Bear77
Added 6 years ago

Good to know @techthumb. Thanks for that link.

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