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Ann: ProGraphite Cooperation and Board Change with Appendix 3Z, page-45

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    lightbulb Created with Sketch. 1250
    Hi sesa86, yes that was my original thought as well, refer my post to MrDelta

    "Hi Mr Delta, perhaps it a little less complicated. Frey's company is doing our test work, for that test work to be seen as independent then he can't be a Board member. Might be some contracts in the wind."

    However some other holders seem to think it was linked to the Directors fees, though I am not sure why, as they would have announced that as part of cost saving initiatives announcement in my view.
 
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