Chairman, nay, Anonymous Keyboard Chairman Smith or Brown who has concluded that creating value for shareholders is not what a particular ASX listed company should be about, pandering to keyboard warriors who don't hold an interest in anything but value destruction, is.
And that is where the real fanbois are - patting each other on the back as they cheer on wealth destruction for 38,417 holders.
There is a mechanism for removing a director or directors if shareholders feel they are mismanaging a company/not meeting their fiduciary duties. It is called a 249D.
Targeting, if not repetitive stalking/terrorizing other shareholders over social media, spreading fear, uncertainty, doubt via an aligned if not co-ordinated team of short selling downrampers rather than banding together a 5% stake & launching a 249D because they believe they or others can manage the company better, is what has happened here.
The company has indicated the DFS will be released in the next couple of months, at that point I think that questions will need to be asked, not least of which will be around weaponization of social media for targeted value & reputational destruction.
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