Another 'retail investor' writing here. I am from Germany and...

Another 'retail investor' writing here.
I am from Germany and have been following NWH discussions on this board since few years.
Despite the fact that I am no big contributor here, I would like to thank all who are posting here regularly providing us with quite nice insights directly from down under.

Never heard of the Aussie 2 strike rule before. One more explanation, also about purpose:
disallowed/business/companies/what-is-the-two-strikes-rule-20121008-278us.html

Some statistics about companies received strikes in 2017:
https://eganassociates.com.au/strikes-against-the-remuneration-report-2017-agm-season/
As you can see, they all look like they were reasonable, which I cannot see in our case.
Good thing is that 2nd strike was not coming in all cases of 2016.

I wonder if that was a concerted action.
In that case it could raise some red flags about the shareholder distribution.