Notice of EGM

Sarah
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Re: Notice of EGM

Post by Sarah » Sun May 10 2020 9:56pm

Voted.

To cast your vote, please visit https://www.imutual.co.uk/vote before 11am on 22nd May.
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AAAlphaThunder
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Re: Notice of EGM

Post by AAAlphaThunder » Sun May 10 2020 10:52pm

Sarah wrote:
Sun May 10 2020 9:56pm
Voted.

To cast your vote, please visit https://www.imutual.co.uk/vote before 11am on 22nd May.
Hmm, yes Sarah do tell...
[Secretary] imutual Cashback Investment Club

cccashbacklover
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Re: Notice of EGM

Post by cccashbacklover » Mon May 11 2020 12:04am

AAAlphaThunder wrote:
Sun May 10 2020 10:52pm
Sarah wrote:
Sun May 10 2020 9:56pm
Voted.

To cast your vote, please visit https://www.imutual.co.uk/vote before 11am on 22nd May.
Hmm, yes Sarah do tell...
R.Y has a large " we will support you ever more" loyal following from his previous cashback sites and carpetbaggers.com site, forum moderators from his R-Points forum are likely to be at least as loyal.
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Re: Notice of EGM

Post by cccashbacklover » Mon May 11 2020 7:13am

Boro Boy wrote:
Sun May 10 2020 7:53pm
[

If not an addition to the existing EGM, I would like to see a written statement and above all a commitment from management to an outline for future growth with a timetable, along with a clear marketing strategy and budget before I vote for the proposal put forward embodied in the EGM
Do you mean similar to this viewtopic.php?f=10&t=87460&sid=10ee9ee6 ... cf3be6c278 1 August 2019

or similiar to this viewtopic.php?f=10&t=87874&sid=10ee9ee6 ... cf3be6c278 17 October 2019

or this viewtopic.php?f=10&t=86872&sid=10ee9ee6 ... cf3be6c278 28 April 2019

Or this viewtopic.php?f=10&t=85851&sid=10ee9ee6 ... cf3be6c278 15 January 2019 "Priorities for 2019"

I think the major areas of technical development will be:
- Better and more regular email communications
- Initiatives to increase word-of-mouth referrals
- Better mobile experience

Mon Oct 01, 2018 10:25 am viewtopic.php?f=10&t=85035&sid=10ee9ee6 ... cf3be6c278

"But after that, I'll hopefully be in a position to help imutual fulfil its true potential"


Same as old R-Points forum I am thinking most particularly of the "how can we turn things around thread" long forum/post discussions, very little ( if any) difference years later = increasing use of the word "irrelevant" "continued irrelevance" by site members.

viewtopic.php?f=10&t=31688 - 2013
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Re: Notice of EGM

Post by kevinchess1 » Mon May 11 2020 10:50am

Behind the times CBl
rpoints forum is Finnish
Politically incorrect since 69

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Re: Notice of EGM

Post by kevinchess1 » Mon May 11 2020 10:51am

cccashbacklover wrote:
Mon May 11 2020 12:04am
...forum moderators from his R-Points forum are likely to be at least as loyal.
What Both of them :?:
Politically incorrect since 69

Bruce
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Re: Notice of EGM

Post by Bruce » Mon May 11 2020 11:24am

How does this affect our accounting practices and sharing of this information?

E.g. I'm a shareholder in several Ltd companies through crowdfunding platforms but none of them send an annual profit-loss account to shareholders. A plc is required to publish this publicly.
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Re: Notice of EGM

Post by planteria » Mon May 11 2020 12:20pm

fwiw if i was a shareholder in those limited companies i would expect to see P&L.

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Re: Notice of EGM

Post by Bruce » Mon May 11 2020 12:36pm

planteria wrote:
Mon May 11 2020 12:20pm
fwiw if i was a shareholder in those limited companies i would expect to see P&L.
Definitely. I was a little miffed when I realised they wouldn't provide this. One of these companies even had the cheek to have another share issue (with shares priced 2.5x the price I paid) but no information about how they got to the company's new valuation, or how much (or little) profit they were making.
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Re: Notice of EGM

Post by pabenny » Mon May 11 2020 2:06pm

Bruce wrote:
Mon May 11 2020 11:24am
How does this affect our accounting practices and sharing of this information?

E.g. I'm a shareholder in several Ltd companies through crowdfunding platforms but none of them send an annual profit-loss account to shareholders. A plc is required to publish this publicly.
That's a very good question,

All companies must prepare annual accounts and reports and must circulate them to all members (=shareholders) (Companies Act 2006 s423). Subject to conditions, electronic circulation/posting on website are permitted. You might want to follow up on this with your crowdfunded investments.

IM has been poor at sharing with members other information on business performance. Will reregistratation as a private company change this?

A private company (as IM will become) does not have to hold an AGM. Although AGMs are, to some extent a formality, posting notice of AGM does give rise to discussion and Q&A. Removing the need for an AGM removes this prompt for discussion, although it does not of itself mean that discussion will not take place.
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