Qbl looking a lot more healthy, updates are meant to be out this week, page-15

Whichever way they decide to go - they have a mountain of work in front of them.

They will need a PDS / Entitlement Issue Prospectus for the CR.

I also noticed this line in the Corporate Governance announcement released on 29 June 2018.

"The Company recognises the importance of having a Board comprising Directors with an appropriate range of backgrounds, skills and experience to suit the Company’s current and future strategies and requirements. The composition of the board is determined by the application of the following principles:
- persons nominated as Non-Executive Directors shall be expected to have qualifications, experience and expertise of benefit to the Company and to bring an independent view to the Board’s deliberations. Persons nominated as Executive Directors must be of sufficient stature and security of employment to express independent views on any matter;"

Fails at this first hurdle - evidentially.

Next
"... the Chairman should ideally be independent, but in any case be Non-Executive and be elected by the Board based on his / her suitability for the position;"

Board chairman is not independent.

Further, holders might be entitled to ask ... exactly who on the QBL board has the "... qualifications, experience and expertise of benefit to the Company and to bring an independent view to the Board’s deliberations." to allow them to effectively implement and secure the move of the company into the MM industry?

It is difficult, from my perspective, to see how the qualifications of the present board members would enable them to effectively execute a move into the MM space. I could be wrong - maybe Neil might like to address this issue.

In fact, I will try and be helpful here.

@Neil1959 - is the board able to outline to holders and non-holders how the current skills set of current board members will enable them to effectively execute QBL's move into the MM space?

Thanks.