Ann: Termination agreed with Managing Director, page-38

  1. 4,239 Posts.
    lightbulb Created with Sketch. 611
    scott was a director
    the minimum number of directors is 3.
    if 3 remaining directors are ousted
    the 249d group nominated 2 directors.
    that would leave only 2 directors
    1 less than the minimum
    the play was obvious.
    249d group outplayed this time.
    hopefully only a minor setback

    took a long time to launch 249d
    then time to set up forms
    meanwhile, directors steal cash.
    though cash is not the main game, LLL shares are.

    is there an asx rule that temporarily allows 2 directors, especially for suspended company with no actively managed assets.
    or resubmit forms?
    or no need to resubmit? amend, add?
    Last edited by Empty Nose: 21/07/23
 
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