GUVERA REGROUPS AS SHAREHOLDERS PLEDGE SUPPORT
24 June 2016, Written by Laura Daquino
GUVERA says it has 'overwhelming' support from its 3000 shareholders still, following a week of shareholder meetings in Melbourne and Sydney.
Herft says the company hasn't lost any of its 20 key shareholders, who 'all unanimously' gave their support.
"They wanted to understand a little more about the ASX decision, and more than anything else, how we are moving forward to financially fix the company," says Herft.
"We are holding more meetings today and there will definitely be some heavy restructuring involved, which we can't comment on until we have executed.
"Essentially though, Guvera will have a much bigger focus on its emerging markets where we are already operational and doing well. More of a focus on international markets, looking at ways to be more of an international company and operate overseas rather than here in Australia."
"If it was a smaller raise, we were coming off a smaller loss and had smaller ambitions, we suspect based on meeting with the ASX that we would have got underway," says Herft.
"We feel like we have been penalised for taking a much more strategic and significant view to investment in the company in the early years, to ultimately have a much more successful company going forward.