CXM 0.00% 4.2¢ centrex limited

Ann: Appendix 3Z x2, page-8

  1. 843 Posts.
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    @silverfox213
    One brother is on the board of centrex. All three brothers through a trust own almost 30% of centrex.

    No idea if the trust deed deals with it, but theoretically the two brothers can now call an EGM and call for the replacement of the other brother as director of centrex. Maybe they need money, so they can outvote him in the trust and keep selling shares at basement price.

    Worst case scenario - they teamed up with someone else for change of control.

    Possibilities are endless, but only they know what's going on.

    I think the fire will be put out shortly but likely resurface at AGM later this year. Ain't good.

    Last edited by Happ: 08/08/23
 
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