directors responsibilities and asic

The fact remains that Billis and his co Directors in Tribune and Rand have failed miserably in relation to accountability.
A few of you have mentioned the ASIC and that is exactly where you should immediately head.
All the questions regarding Billis and his directorships of several companies involved in various dubious proposals smack of related party transactions that hopefully are under ASX scrutiny.
Maybe that is why the Rand deal has not gone ahead.
A Freedom of Information search may be interesting.
According to all those McLernon transcripts Billis had a heart condition that really seemed to affect his memory.
I would say that is probably the problem in that he can't remember what he is meant to be doing. He and the other directors are certainly not fit to be in control of hundreds of millions of dollars of assets.
The notice of AGM regarding the re-election of Sklenka says "The Board believes that Mr Sklenka has performed the duties and responsibilities of a director diligently and professionally, in the best interests of all shareholders."
What an absolute load of rubbish. He doesn't own any shares other than by virtue of the fact that Rand and Tribune own shares in each other and he remains (not for long i hope) a director of both.
Try and speak to Sklenka and Demis, and it is totally impossible. They are not in Perth and maybe they do not exist.
The share price at $2.06 is an indictment on their performance and reflects a total lack of faith by the investing community in not only them but their leader Billis.
The McLernon ASIC transcripts have certainly opened my eyes as to the type of people running both Rand and Tribune.
It will certainly be off the ASIC for me.