Complain to asic or the asx if you think its that bad. For me if you want to simify the registry, just ask for the part paid to be called. No one will pay and they will be gone. If you dont want to be too harsh on partly paid shareholders convert the shares into a option with a strike price of say 8 cents. With the excercise time in say 6 - 12 months. That way you achieve two things, the partly paid share holders get some discounted shares (not free ones) and the company gets some much needed cash for harpia development. Win win. But the board i think is not clever enough to propose this type of transaction. They will say its too hard anyway.
The directors wouldnt want to contribute there own money into erh anyway. When was the last time a director bought some shares on the market - 2 yrs
ERH Price at posting:
12.4¢ Sentiment: None Disclosure: Held