Melcor Developments Ltd (OTCPK:MODVF)

$ 9.33 0 (0%) Market Cap: 279.35 Mil Enterprise Value: 708.34 Mil PE Ratio: 34.89 PB Ratio: 0.33 GF Score: 83/100

Melcor Developments Ltd Annual Shareholders Meeting Transcript

Jun 25, 2020 / 05:00PM GMT

Release Date Price: $5.99

Transcript

Timothy Charles Melton

Melcor Developments Ltd. - Chairman

Good morning, ladies and gentlemen, and welcome to the Annual Shareholders Meeting for Melcor Developments Limited. My name is Timothy Melton, and it's my privilege to chair our 51st Annual Meeting. We are without doubt living through increasing levels of uncertainty and learning new ways of handling the challenges that 2020 has thrown at us, including the COVID-19 pandemic and dramatic oil price volatility.

As a result, today's meeting is very different from our normal proceedings. As there is no in-person meeting and all voting was held in advance.

We will move very quickly through the formal requirements of the meeting with Darin Rayburn, Company's CEO; and Darin -- and Naomi Stefura, company CFO, acting as motioner and seconder. Following this formal component, Darin will provide a brief update on the company. The meeting is now called to order.

I will chair this meeting, and Naomi Stefura will act as Secretary. Kristine Calesso of AST Trust Company Canada will act as scrutineer. However, all motions have already

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