Ann: ResApp to present at Gold Coast Investment Showcase, page-62

@ozgoldtrader

calling an EGM is not difficult- however in doing so there are a number of rules and regulations of the ASX
Primarily the calling of an EGM has to have a motion, or motions attached that have a reasonable chance of being accepted.

my take on this would be that a motion to increase the board members by one - which again is difficult- if you want someone that is currently'anti-board' - similarly to have a vote to increase the board members by one, to include a shareholders advocate , again would never get over the line - as it would be voted down - if same person was anti board

effectively it is two motions - one to increase board members and two to nominate who that person should be

whilst in a perfectly fair and reasonable world - great concept - in reality - not so great

in any event this could not conceivably happen until after the scheme vote - by which time it is already fait accompli

if the vote does go no however then it is certainly game on - and many probable motions could be presented at an EGM