A couple of thoughts.., page-120

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dolcevita

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03/01/18

23:09

Post #: 30024659
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Originally posted by ds ↑

You havent been asked to vote yet.

Within 21 days the company must call a meeting that must be held withing 2 months of Dec 22nd.

If the directors in question are planning to fight then under 203D subsections -

203D(4) Director's right to put case to members.

The director is entitled to put their case to members by:

(a) giving the company a written statement for circulation to members (see subsections (5) and (6)); and

(b) speaking to the motion at the meeting (whether or not the director is a member of the company).

203D(5) [Circulation of statement]

The written statement is to be circulated by the company to members by:

(a) sending a copy to everyone to whom notice of the meeting is sent if there is time to do so; or

(b) if there is not time to comply with paragraph (a) — having the statement distributed to members attending the meeting and read out at the meeting before the resolution is voted on.

203D(6) [Exceptions]

The director's statement does not have to be circulated to members if it is more than 1,000 words long or defamatory.

If you are wondering where to find this information try Google, thats all I did.

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That's just procedural. There's plenty more that they can do if they really want to take this on.
(If my reading of the Corporations law is correct. All IMO).

But to explain my thinking would take a very long post indeed with a lot of explanations. Not something you guys are ever keen on.

ADO Price at posting: 1.8¢ Sentiment: Buy Disclosure: Held
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A couple of thoughts.., page-120

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A couple of thoughts.., page-120

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