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Surely the current directors are obliged to do what is best for...

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bratty

1,755 Posts.

501

28/05/24

13:24

Post #: 74044261
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Originally posted by KevinT99: ↑

I think we can assume that because of the existing Boards lethargy, historical lack of attention to detail resulting in a previous long-term suspension and now the MD resigning at a key time will result in them loosing control of the Board and being dumped at the Extraordinary General Meeting on Thursday week. No one has presented a good reason why shareholders would want to support them or even give them another chance.

On that basis and assuming everyone votes instead of doing nothing there is likely to be a whole new Board. The only remaining issue is the ASX reinstating trading in shares. That may prove to be time consuming as it depends on the goodwill of existing Directors to resolve the lack of Aussie Directors within 5 days of the suspension. I am not optimistic about this but I am optimistic about the future but it may require patience.

Dont forget to vote!

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Surely the current directors are obliged to do what is best for the company (ie appoint a new director this week) and the asx should insist they act in shareholders best interests.
Looks like the asx are bending over shareholders here once more, shame on them, do your job.

ZEU Price at posting: 0.9¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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