Ann: Results of Meeting - EGM, page-167

The point is the new bod are of little value, they've no action nor vision over anything, and PWC obviously ignoring them and seems they support the old BoD. They can't even see the agendas at play or care, the only aim l personally see is - dont stop till we hit that 500k, then drag it out even more. All the while ignoring what's best for holders and or genuine creditors, therefore incumbents of the subsidiaries are apparently honourable in the eyes of law and obviously they hold the ultimate purse from the subsidiaries value and income. The new bod hold a shell with no life.
I can't see how PWC have not put an end to the subsidiaries being managed independently to the parent, they've the power to fix the situation but seem hell bent on NOT.