I think the lockout was a few millimetres below the nadir Sasa. That was reached on 25 November 2019 when ASIC wrote to the then Company Secretary (we dare not speak his name), advising that the AGM on 27 November 2019 should be deferred because the notice of meeting was defective. Austpac did not advise the market until 27 November 2019, the day of the meeting. How's that for contempt of shareholders!
Austpac knew two days before the scheduled AGM that it wasn't going to proceed yet waited till the day of the meeting to advise the market.
As the current Board is blaming the aforementioned Company Secretary for all the wrongdoings, I'm sure they would provide a copy of the letter from ASIC to any shareholder who requests it.....
APG Price at posting:
0.2¢ Sentiment: Sell Disclosure: Held
