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This Years AGM (not GM)
Our Articles of Association (Page 40 Rule 71.1) “Retirement of Directors by Rotation”
“Each Director shall retire from office at the third annual general meeting after the annual general meeting (as the case may be) at which he was previously appointed.”
If Mr J Swan had not submitted his Requisition Letter last week, and had waited until this year’s AGM, then he could have voted then to not re-elect Taylor & Russo. (They were last appointed on 30th September 2021)
I don’t know why Mr J Swan could not wait another 6 months but because he moved last week dirty tricks are being played out by the instigators of the malicious regulatory concerns.
We can all speculate what the “Insider Information” could be but its ignorance by the instigators. Callum is an honourable CEO who has always had shareholders at the forefront of everything that he does.
There have been numerous Interviews, videos, tweets & RNS’s and I am 100% that Callum will be fully exonerated.
Taylor & Russo should realise it is Callum that turned around our Company and he has the vision, determination & stamina to ensure that Chill Brands is a successful Company under his Leadership.
I will be voting to remove Taylor & Russo because they are hiding something that they do not want ordinary shareholders to know.
Can any of the dozens of Trolls articulate anything of value enhancing that Taylor & Russo have done for Chill Brands?
RKB
PS One large value destruction that Joint CEO’s Taylor & Russo achieved was the silly financing agreement with LDA Capital. You will recall they put in place a £35 million facility over 36 months which was terminated only two months later at a cost of £6 million to us. Taylor & Russo should have been fired in my opinion for this fiasco and if they think they can continue to con ordinary shareholders they are not as clever as they think they are.
Let that sink in, two months and it cost us £6 million. Pack your bags now before you are voted off the Board.
RKB, excellent posts. Callum gets my support and I have to say he gets the support of everyone I have spoken to that owns Chill shares. The quicker we get the GM the better. Let’s get the vote out of the way, see Callum back to work and carrying on with building the company.
As someone who doesn’t post a lot on here I hope the fact I am indicates how much support shareholders actually have for Callum, he’s making a ‘brand’ and an effective product/business from what was a pretty incoherent mess when he took over. RK &Bellers you both make a good point over the £6m cost re the finance loan, just incompetent behaviour…this is very frustrating to shareholders who were watching Callum’s vision coming together and the share price finally moving up too! Poor decisions that are clearly not about adding value! Let’s hope this is resolved quickly and Callum comes back….for all our sakes. :/
We need to rally at the upcoming AGM to ensure our voices are heard. As mentioned the £6 million loss from the poorly judged finance loan highlights the incompetence of Russo and Taylor prior to Callum Summerton's impactful leadership. Their mismanagement not only threatens our investment but also the future of Chilled Brands. Callum’s vision was bringing positive change, evident in the rising share price. His unwarranted suspension by Scott Thompson, influenced by Russo and Taylor, just shows the urgent need for change. Let’s push for transparency and better governance at the AGM, aiming to align leadership with our interests and the company’s potential.
My biggest concern is that Russo and Taylor have no plan to align their interest with ours, as seen with the suspension of Callum.
As RKB mentions, we MUST be voting to remove them if we are to see positive change surrounding Chill Brands.
And replace with 2 unknowns ?!!!......
The 2 knowns are known for their complete mismanagement . The said unknowns will no doubt know how to RUN a fast moving packaged goods business
Then I assume "someone" at head orifice will be making an unbiased statement, introducing said "as yet unknowns and their histories in vape sales" so we can vote on them. Last things we need are 2 clowns out, 2 clowns in....and Callum banging his head against the wall and departing...
This goes a lot deeper than most think ...
imo..
Change
AIQ Limited (LSE: AIQ) announces that, with immediate effect, Graham Duncan is stepping down from the Board of AIQ to pursue other interests and Aditya Chathli, who has been a Non-Executive Director of the Company since January 2018, has assumed the role of Chairman. The Company also announces the appointment of Dwight Mighty as a Non-Executive Director, also with immediate effect.
Two old colleagues will be back together. The plot thickens.
Can you explain Bellers ?
As that RNS relating to AIQ was from 6 October 2022 I don't see how it has any relevance to the Chill.
It does feel though as though as if there is a struggle going on for control of Chill. It may be that Mr Swann converted his loan into shares in order to put himself in a position to requisition a general meeting. Whatever the case, as he is now a significant shareholder it is clearly in his best interests to see the share price head north. He must see great potential for the business or else he would not have invested so much. All this uncertainty is unsettling but the fact that folk are fighting over control of Chill suggests they think it is worth fighting for. I continue to hold.
Aditya was non exec at aiq. Duncan stepped down and went onto “other things”.
Now they both seem set to be back together at Chill if all Swanns needs and want get voted for. So, 2 old colleagues back together by the invitation of Swann. Looks like a thickening plot to me.
Buysellfred, there is a high chance the two unknowns will refrain from running the business into bagel land like Russo and Taylor are doing. At this rate, us investors are just waiting for the dead cat to bounce if they remain on the board.
Well aware of that....
the point is nobody knows of them..barely...
and what exactly will they bring to the table ??
it is ok just saying get rid of AR and TT...WE need a say in who to bring in too...not just a kneejerk reaction.
This is playing into the hands of a CHEAP hostile takeover.
Agree with you buysellfred but sometimes you need to take immediate action and get rid of hostile, incompetent individuals before the virus spreads. While they stay the SP is only going to be going in one direction. I do agree that they need to be replaced by the correct people, but unfortunately we do not have the luxury of time.
I’m hoping Mr Swanns 68 million shares has helped him “suggest” who we put in as directors. He has 68 million reasons to get it correct. The good news is he has a definite vested interest in getting it right. The main thing for me is having Callum in to drive it forwards.
Anyone have an idea on timescales for this fiasco being resolved or could it rumble on for months?
Agree Bellers, Swanns' interests are very much aligned with ours which is why I am confident shareholders will be happy with the outcome. Callum will be back, it's just a matter of time.
Hard to say... I suppose the situation could take a while to resolve. The market seems to be in a holding pattern though...
I would imagine the GM called will be soon
Thanks, if we can get that GM arranged, Swann’s vote approved and Callum back in, this could absolutely fly
There is no IF on the GM it will be a when.
Thanks, hopefully very soon