""the Commercial Court of Lubumbashi rejected the requests of AVZ and chaired a shareholders' meeting, which approved the transfer of the 15% interest owned by COMINIERE to Jincheng Mining"
I don't portray to know a lot about legal proceedings but why would any court chair a shareholders meeting?"
I doubt they can. You can't call a shareholders meeting without a quorum, and that quorum would be set in the companies constitution. Whatever it is, it for sure isn't one dude, a judge and the guy from zinjin. It's usually a certain number of directors as a minimum. Outsiders can't force a shareholders meeting, only shareholders can force a meeting is as I understand it. Happy to be corrected by someone that has been a director, and not random dickheaded shorters.
This will not hold up to scrutiny, and should be dealt with tout de suite as they say in french. Felix T. should suggest a timeslot be found on their High Court agneda and pound this down and the judge that did it.
- Forums
- ASX - By Stock
- AVZ
- Ann: Suspension from Official Quotation
Ann: Suspension from Official Quotation, page-106
-
-
- There are more pages in this discussion • 317 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AVZ (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online