[loogydon]

The Annual General Meeting held on 30 March 2011, the administration Eleb Society, SA presented the following proposal for application of results:
'That the net profit for the year ended are taken to special reserves (for retrofitting), since it will be necessary to make a large financial investment effort during the current fiscal year, for the modernization of the production company's ``
This proposal raises, among others, the following comments of two shareholders:
`` The company has accumulated free reserves vultuosas in prejudice to the distribution of dividends. Why not now use such reserves to finance such modernization projects?´´
`'Without wanting to discredit the Exam. Administrative authorities of the company, I must show my disagreement with the possibility of not using the revaluation of tangible fixed assets in recent years. Such action has significantly reduced our ability to self-financing. ``
Respond to the two shareholders present at the general meeting.