It surprises me greatly that a directors private buisness can be sub contracted by an ASX listed company for millions of dollars a year with little to no oversight and can subsequently exponentially increase the spend without having to seek shareholder approval of provide a detailed breakdown of how that money is being spent but I assume that's all technically above board.
What I find potentially concerning though is Adroit's web presence hasn't been updated since 2011-12.
Also the company's CA number was forfeited in 2014 as they seemingly stopped filling yearly fillings.
https://www.cacompanydir.com/companies/adroit-business-solutions-inc/
And.
The current US address (a suite) listed on their website seems to currently be being used by a company called Avion partners.
http://www.avionpartners.com/contact.htm
I don't know enough about buisness registration best practices or laws in the U.S to draw any definitive conclusions on all of this but i'm pretty sure with the spend on Rahals company potentially ballooning to 2+ million a year shareholders are entitled to some clarification.
JJ out.
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