Ann: Shareholder letter and Member's Statement, page-18

yep,

their last argument is renumeration and dilution, so let's look at that in rough numbers

	Effect of dilution assuming a 1K investment
1	Number of shares total	560000000
2	dilution shares from renumeration package	1000000
3	dilution percentage	0.179%
4	Remaining from $1000 investment	$998.21
5
6	Effect of tanked share price assuming a 1K investment
7	Share Price last AGM (High)	0.71
8	Current SP	0.31
9	loss in share price	0.4
10	Percentage loss	56%
11	Remaining from $1000 investment	$436.62

I'm no mathematician, but I think the scale of the significance speaks for itself.

hardly justification to sack the entire board.