Ann: Illegal collective action by shareholders, page-8

You would hope not. I think this behavior pretty clearly contravenes the act and is not consistent with "the spirit" of the provisions.

Thry have a conflict of interest and you would therefore hope ASIC will act.

From face value the incomplete funding deal proposed by the club is clearly not in the best interests of ALL shareholders.

I just hope this can be resolved swiftly. We don't want our 7 years of waiting turning into 8...