Surely. Surely. Surely.FFX can't just own 80% of a company that...

  1. MM0
    241 Posts.
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    Surely. Surely. Surely.

    FFX can't just own 80% of a company that the Board are ignoring repeated attempted communications from.
    What if they were calling up to go "we found more gold"?

    If true, and based on what I've seen I have no reason to doubt it, at what point is that failure to exercise reasonable care and diligence?

    And how does that reconcile with the accounts communicated by the FFX Board that they had not been kept informed of happenings by Morila SA. Is it consistent with the director duties to act honestly, in good faith, and in the best interests of the company to tell the shareholders "we don't know what's going on" if you are not only not trying to find out, but have actively tried not to find out?

    Surely.
    Last edited by MM0: 28/07/23
 
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