@Laine ..."Perhaps JB has decided its a huge gamble having an AGM"
It's not a choice, nor a 'gamble' in having one, it's the law. The company has to have one, and the time for it has passed without an extension from ASIC.
By not having one and no extension from ASIC, the company is acting illegally.
There is no excuse for not having the AGM, it is deliberately in the act so that shareholders have the opportunity to put the BOD under the microscope and ask the questions that the BOD might not want.
If they are prepared to flout the law by not having the AGM, and not providing the half yearly and yearly reports when due, what does that tell you about the rest of what you hear through the unofficial channels??
Put yourself in the position of a potential investor/offtake partner, who in doing the due diligence on this company, finds that they don't bother with their corporate responsibilities to the extent of going outside the law (lack of AGM). Would you really want to do business with them???
I'm totally appalled with what has been going on here and feel very very sorry for the genuine shareholders stuck in this.
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