Probably didn't word the question correctly but what you outlined regarding supply agreements is what I was alluding to. I have tried to get this question answered through a friend of a friend involved in law and like you wrote they said there could be a range a scenarios whereby the board can vote in their opinion in the interests of shareholders to agree to supply in this case ore or whatever product and shareholders don't really have any say as that was a board is for. Of course to get direct advice regarding flinders would mean I could have spoken to a corporate lawyer but with the fees I politely declined.
So with the chairman Warburton having two votes and independent, McAdams having an independent vote and R Kennedy, the board could potentially vote in favour of a supply agreement with BBIG without a conflict of interest as long as it complies with company constitution or charter.
FMS Price at posting:
8.1¢ Sentiment: Hold Disclosure: Held
