It won't be an opposing board as i analysed it, it is likely to be a change of the whole board. Currently it is more likely a one man show with JA running the show. The other directors are there for meeting the statutory requirements. The chairman as Company Secretary and RH as the NED. So if JA leaves, the others would probably leave with him. it only needs 25 million shares to call an EGM if shareholders are not happy. It only cost a couple of million dollars to take control of the company. There after the new management can control the use of the Company's funds of $17.2 million. They can do any takeover or a reverse takeover if they wished at a later date. I am of the opinion management is vulnerable. I am a person that won't go for a change unless we have an alternative plan or the right personnel to take over. I am for management to listen to shareholders and if they cannot do the job employed capable people to do it for them.
MAN Price at posting:
3.4¢ Sentiment: Hold Disclosure: Held
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