Ann: Notice to remove directors received from Merchant, page-96

Merchant would only be pushing this if they know they can get it through. Imo
As someone said previously, they may have quite a large holding by the time of the meeting in mid feb. I would assume that Peterson would be aligned with them, based on Ann. Timing.
18% target holding by merchant was suggested, I,m not sure at all about that but I can't see too much push back even by Joanna to a heavily paired back operation that was given the time to grow without sapping too much more cash. And the existing cash put to work in new growth set ups.
Anyway, a lot to play out.