Article just appeared on the Oz website by Eli Greenblat. In summary, quick report on meeting last week and the following was added:
Now Murray is taking the next step, writing to the ASX arguing that under its own listing rules Excelsior has met the standards of a change in its nature or scale of activities - it has gone from a company with an operating business to a cash box - and that now Excelsior must seek shareholder approval and issue a prospectus to set out its plans for all the cash it is now sitting on.
Watching with interest....
Ann: ECL completes sale of CMI Operations Pty Ltd to IPD Group, page-6
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