they have provided no reason whatsoever, as to WHY they wish to get rid of the current auditors.
nothing!
surely it is a requirement of the ASX Listing Rules that full and proper disclosure must accompany any resolution put to shareholders???
the shareholder and associated company who has proposed this resolution is a Substantial shareholder, and is also a principal of the entity which is proposed to sold into EGO.
He will also be a new director of EGO after the transaction.
Why are they chnaging auditors prior to the proposed transaction being approved by all the various parties, and by shareholders?
what happens if the proposed transaction does not go ahead?
we minority shareholders need to understand why EGO is being required to change auditors.
EGO Price at posting:
$2.40 Sentiment: None Disclosure: Held