Ann: Notice received under section 249D of the Corporations Act, page-55

While I 100% agree a Board revitalisation is a great idea, and I find the seemingly passive role of the current Chair through a period of slow progress and outrageously high US salaries to a 'boy's club', my initial thoughts would be getting a new and vibrant, experienced Chair. (a David Williams type)

Also need to be comfortable that a slate of new Directors are robust enough to then act independent of small group of shareholders who are catalyst for the changes, though today I am grateful for that catalyst.

I am somewhat underwhelmed and remain to be convinced these putative new Directors are the way to go.

I have (yet) no knowledge of Nano but presume there was a driving CEO and Chair. I don't readily attribute that strategic experience and outcome to the CFO/CoSec!

IPD needs a business strategy. It may never have a sophisticated debt financing structure. Is M Grant the putative Chair? Has he any experience as a listed Director?

Will be watching this closely, and suspect I am fairly closely aligned with this catalytic group of shareholders, in terms of frustration and intent.