One of the directors/founders holds too many shares, and the...

One of the directors/founders holds too many shares, and the others, together with their fund affiliates, are locked in.

The strategy would be to stall the vote, in order to do a couple of things. Firstly, appeal the FIRB decision by providing additional information on CASA China that makes the takeover problematic. Secondly, research the associates of the NTC directors to find if there has been any insider information exchanges, and to find out if there has been any additional promises of rewards to NTC management by CASA that may not have been disclosed. Thirdly, to find brilliant 5G businessmen who want to be on the board. Fourthly, to find other companies (hopefully Australian) who are interested in either a takeover or JV or being represented on the board. And that's just the start.

For instance, CASA Systems (China) have large contracts with Chinese technology companies who are effectively controlled by the Communist Party, because the companies have an official party political representative on their board. You can look it up, the information is readily available, and I'm amazed that the FIRB seems too lazy to even do this. No wonder Australia is being sold out, and sold down the river, it's because our authorities are actually too lazy to want to do their in-depth research.

You need time to do all this.

If you have more than 5%, then contact the board under the relevant regulations, calling for a meeting, thus stalling the vote. You need to stall, and then do the above.

Otherwise it's a fait accompli.

Vote no - definitely.

Gw