Ann: Investor Presentation for Shareholder Webinar, page-19

“The two-strikes rule was introduced in 2011. Under the rule, if shareholders vote down a company’s executive remuneration package two years in a row, the board may be voted out of office.“
https://www.asx.com.au/documents/resources/listed-at-asx-winter-18-two-strikes.pdf

So, if they get their 2nd strike, which would be highly likely if still listed, they would potentially be out of the game. Now, unfortunately, this bad boy is a lawyer himself and when his own brother tried to take some of the company away from him he fended that off. Who paid for all that? That is right you and I. Who will pay again if there is a 2nd strike? I think you are guessing correctly. Only problem is that there is now a lot less cash left in the kitty to pay for anything like this.
now the best part in all this:
Hence them proposing as one of the key reasons for delisting that it will enable them to consider share buy backs. That for me is kicking any long suffering shareholders in the n…
They could have done a share buy back last year or not tap us on our shoulders at the last capital raise for money that was then used to achieve what exactly? Plus, where is the money for the share buy back coming from. Ah yes, from the capital raise that they are doing in parallel (also one of the benefits for delisting). Did the ASX even read that delisting document/presentation?