Ann: Board Restructure, page-3

Support of 'proxies' doesn't mean support of the top 10 who might turn up to vote on the day. Hard to see this as anything other than getting notified just before the AGM for maximum embarrassment by NDOVU CAPITAL and others that more of the board needs to pay for it's sins of a monumental f-up and a large pineapple STA is about to get inserted from creditors in debt restructuring...


This reference to "streamline decision making" caught my attention. Assuming that creditors are demanding the most onerous and expensive penalties for a debt restructure, while STA are pushing for minimum cost to restructure... maybe ousted board members were willing to vote for a bad STA deal that NDOVU et al were not happy about so got rolled, leaving 3 board members willing to fight for a better deal?



Meanwhile, shareholders are still left wondering how big the debt restructure pineapple is, and whether there will be any lubricant relief from operational restructure to ease the pain?

Appreciate if anyone at the AGM hears something worth passing on to HC, though I can't imagine anything material will be said, even over coffee and tim tams.

GLTAH