Ann: Company Update, page-17

Whilst our Directors have done nothing of substance for years at Beyondie another company acquires the lakes in the area and have floated KLL as a vehicle for producing sulphate of potash.
Maybe they should've looked in their own backyard instead of looking for a Chinese acquisition.
The most likely activity for EMG in 2017 will be a capital raising.
Reminds me of MDX who were thwarted by a Director with Chinese interests and is now practically worthless after he scuttled a$120m iron ore deal by the previous MD. it went from 20c to .5c now.
GBE seems to suffer also from having a majority Chinese controlled board. Not even trading at 50% of cash held due to years of inactivity.
So what is the end game here and the others companies mentioned above?
I fail to see how sucking the life out of a company can be a benefit to anyone long term. Positive activity benefits all.
Maybe 2017 is the year ASIC grows a set and starts challenging boards to justify their actions as per the yearly 4G Corporate Governance Statements each company is required to lodge. Hmmm. I won't hold my breath.