RTO with US and Mexican child photography company falls through with massive dilution
Read the Beaumont Cornish Ltd approved RNS here
The 2017 AGM was held on 5 Feb 2018
Nicholas Lee and Ben Turney were re-elected as directors by 75% for to 25% against
Despite the red lines
The 2016 Annual accounts were received and considered
The failure to do this in 2017 was also an offence under Companies (Jersey) Law 1991
That offence is punishable on conviction by a fine of £10,000 or up to 2 years in prison
The auditors were reappointed
Only 29 shareholders appointed proxies and just two attended the meeting
Of the c4.75bn shares issued only .96bn (20%) were proxied of which .367bn (8%) were by Paternoster Resources alone.
The only plan presented was the one to migrate to BVI. Guernsey is not an option.