The 249 process is meant to give shareholders the option to vote to either support or reject the motion. Ernst's submission to the panel is clearly a delay tactic to stop shareholders having the right to vote on the matter because he knows his time is up. At least he's used the recent rights issue to pick up some cheap stock and pay his accrued wages - phew...
Undaunted - I have completed my spider diagram with curious findings.
This 249 appears to be issued by parties not only unconnected with the earlier MR 249, but parties that didn't support the MR motion!!! Simple maths by referring to the results of the previous EGM clearly show this to be true.... the plot thickens. The Bold and the Beautiful has nothing on this
EAR Price at posting:
8.5¢ Sentiment: None Disclosure: Not Held
