There is a plan. Don’t you read the announcements? Work on Opuwo is on the go slow until the cobalt price recovers, the company are preserving cash by working for non executive fees only and they are looking for new opportunities. What kind of alternate plan would a new board follow?
Perhaps the shareholders in question contacted management directly as everyone has been invited to? You could do the same if you want to. Perhaps the nominees who withdrew also contacted management? That’s what anyone who has any level of professionalism does in these kind of situations. In fact that is how it should be handled. If the people wanting to spill the board contact management and they clearly have the numbers and viable replacements the board will step down before a 249D is even issued. Perhaps the incomers don’t have the numbers? The current directors all have shares of their own, if I were in their shoes I wouldn’t give my investment up to be managed by the clearly inadequate proposed replacements either.
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