On, January 18, 2022, Harry Smit announced that, it has formed a group of 15% retail shareholders on January 17, 2022. and lobbied with Tongaat Hulett Limited to postpone the Extraordinary General Meeting to allow shareholders more time to digest the December circular and get more details. Further, Harry Smit stated that, he is not against a rights issue, and understands that certain funds need to flow, the December circular had dropped during the holiday period, while a major concern was the lack of transparency surrounding underwriter Magister Investments.