Ann: Confirmation of Legal Titles , page-36

Thanks 123enen.

So is the preference to get rid of Smyth and let the other directors take charge? But aren't most of the companies that the money has been "loaned" to partly in Smyth's name, so he walks away scot free, just has an early retirement but takes our money with him? Then we're left hoping the directors who remain are willing and able to do something with what's left. It just reminds me of Sands all over again. What's different this time?

Wouldn't it be preferable to just pressure ASIC into action and possibly recover our money while both Smyth and some of the money is still there? (I'm not saying that is possible, but perhaps there's a greater chance)