I may be a bit late with this hypothetical, but what if -
1) Resolution 1 is passed and Brent Jones becomes a Director; and
2) Resolution 2 is passed and Peter Brook becomes a Director; and
3) Resolution 3 is passed and Garry Crole is removed as a Director; and
4) Resolution 4 is defeated and Kevin Pattison is retained as Director (he was, after all, re-elected in November 2023 with 99.98% of the 62.6m shares voted at the AGM).
The Board would then comprise Sweeney (as Chairman); Pattison; Jones and Brook - a four-person Board (50% incumbents/50% newbies).
Then, does the SEQ Constitution grant the Chairman an additional vote to break any Board vote tie? If not, then nothing can change unless there is a 3/1 or 4/0 vote.
And this Board composition would leave Crole retained as CEO but without a Board vote.
Not sure what is worse? (a) a Jones + Brook majority over Sweeney if all 4 resolutions are passed and the Board reduces to 3 Directors; or (b) a 2/2 split of Jones + Brook v Pattison + Sweeney. That would certainly test Sweeney's independence!
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I may be a bit late with this hypothetical, but what if -1)...
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Last
35.5¢ |
Change
0.005(1.43%) |
Mkt cap ! $43.87M |
Open | High | Low | Value | Volume |
35.5¢ | 35.5¢ | 35.0¢ | $37.20K | 105.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 56039 | 35.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
35.5¢ | 19052 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 56039 | 0.350 |
1 | 2944 | 0.340 |
2 | 2992 | 0.335 |
2 | 13000 | 0.330 |
1 | 1550 | 0.325 |
Price($) | Vol. | No. |
---|---|---|
0.355 | 19052 | 2 |
0.360 | 134902 | 2 |
0.365 | 72540 | 3 |
0.370 | 33513 | 2 |
0.375 | 89000 | 3 |
Last trade - 15.00pm 27/06/2025 (20 minute delay) ? |
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PARADIGM BIOPHARMACEUTICALS LIMITED..
Paul Rennie, MD & Founder
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