Yes I had the same question. Question for you BT...
The notice of General Meeting states the following: ========================================================= 2.4. Appointment of Directors As stated in the Varied DOCA, if the Proposal is approved by Shareholders, prior to the date of termination of the Varied DOCA, the existing Compass Directors will resign or be removed by the Administrators and the Administrators will appoint new Compass Directors. These new Compass Directors will be nominated by, and in the number of nominees (or equivalent proportion), stated below: (a) YA Global: 4 nominee Directors; and (b) Coffee House: 2 nominee Directors. ==========================================================
But as I understand it none of these criteria have occurred yet. So why are Toll and Wood (including Cohen last week)resigning already ?
Can you shed some light on this BT ?
CMR Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held
