Ann: Notice of General Meeting/Proxy Form-IOT.AX, page-9

I don't see how they can say that. After all the prospectus said:




But his leaving will have no effect?

I'm not blaming the board for him being dishonest, but for trusting that he had done what he said. It could easily have been a mistake in paperwork that the dispute hadn't been settled properly, or whatever else - but something so important to the company (or why would it be an issue at all) should have been watertight in its effect. Relying on his word is just too naïve IMO.

As for him just taking the IT systems as the board says - the mind boggles!