ECL
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0.33% $3.06 excelsior capital ltd

Ann: Application received to wind up the Company, page-7

  1. friendlydwarves
    3,431 Posts.
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    28/04/24
    14:20
    Post #: 73543677
    Yes, that is the directors’ legal duty. See eg https://www.aicd.com.au/content/dam/aicd/pdf/tools-resources/director-tools/board/directors-best-interests-duty-in-practice-web2.pdf

    The directors have chosen to retain the CMI sale proceeds, and made various other decisions, that will now be scrutinised by the Federal Court against the backdrop of that duty. Personally I expect that case will be, for spectators like you and me, both entertaining and vindicating. I suggest you sit back and enjoy the ride.

    ECL Price at posting: $3.25 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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