Very interesting. So the Non-exec Director & Dep Chairman appointed in October '23 (one month before the AGM) along with two other Directors were planning on a CR which would have resulted in a dilution of 25% of other shareholdings and when they didn't get their way, they resigned. Seems there is more to this than meets the eye. Those crucifying the Chairman for his actions (incl plenty of brain dead morons (& numerous non-holders)) on these threads now have egg on their faces. Seems his actions were not as pernicious as first suggested.
Machin and Yeoh remain with the company and don't have ANY current corporate governance issues.
Needless to say we won't have any non-holders or those who have shitcanned the Chairman, offering an apology for their defamatory posts about the Chairman or others.
Lesson here: retailers should be careful who's information they rely on, especially the ridiculous and ill-conceived calls for an EGM or civil action. Dear o'dear. Hopefully the relevant holders that called
for heads to roll can now sell their shares and move on and the company can be reinstated to quotation.
All in my humble opinion.
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