Urgent Shareholder recourse

I interpret the current action of the BOD as having mortgaged 100% of shareholders assets for $4.2 million dollars plus 20% interest.

Did this require shareholder approval ?

Has the BOD acted in best interest of the shareholders ?

Have they satisfied their Directors Duties and obligations ?

I cant answer these questions yet i would like to understand an impartial interpretation by a third party legal expert.

Is anyone else interested in investing in a legal brief into the current situation ?

Can we lodge an injunction to stop the lender seizing our assets until we fully understand our position as shareholders ?

Any Barristers out there who are disgruntled shareholders willing to assist ?

Should we report this to ASIC first to get a ruling ?

How can a $30 million market cap company be mortgaged 100% for $4.2 million dollars, how can this be in the Shareholders best interest ?

Have the Directors traded insolvent ? How do we find out in the short term ?

Do we call for a EGM and remove the Board.

This is very serious, this is real, we could possibly loose our entire investment very soon.

We must do everything we can as i have no confidence in the BOD.