Apparently, over 82% of shareholders voted (from the results announced)
so this distils to the fact that 109 million votes think that to keep the Board, who produced 34,000 revenue in the last quarter, are worth their while. puzzling.
and in the knowledge of the disclosure of the directors agreement, so the announcement says, to sell off the asset (IP) so cheaply, that 109 Million votes are in favour of this. amazing.
Furthermore;
The ASX letter "requires TKF to appoint its auditor as scrutineer...."
the last Annual Report, published 29th September 2017, lists "Greenwich & Co" as the company Auditor.
Bentleys and Mr Laurentis are fine and professional people. BUT the ASX "requires TKF to appoint its auditor as scrutineer...." this direction is given by ASX in writing on 17 August 2018.
.
If the ASX was to change its decision to permit Bentleys to be scrutineer, then under LR 3.1, ASX MUST inform the market accordingly.
this is a material and significant departure from the instructions and shareholders would have been expecting Greenwich and Co to be present.
why ASX? why? what happened to LR 3.1?
.
so when were the Auditors changed? Such a change requires SHAREHOLDER Approval. There has been no notification to the market of this change of auditors.
extremely sad.
Is TKF blatantly acting contrary to the directions and requirements of the ASX.
TKF Price at posting:
0.5¢ Sentiment: None Disclosure: Not Held
