Just a section of what I posted from Intelligent Investor.
Mr Tan has proposed the removalof Donaco's five existing directors and that they be replaced by himself andfour other directors of the requisitioner's choosing. It's possible that Mr Tanis acting on behalf of Somboon, with the intention of cancelling theSingaporean arbitration to remove Somboon's potential legal liability. Ifthat's the case, Donaco shareholders would be significantly worse off by votingin Mr Tan and his mates. Given the risk, the best course of action is to vote AGAINSTresolutions 9 through 20 at the upcoming AGM.There's always the chance thatMr Tan isn't acting on behalf of Somboon, of course. But it still seems sillyto vote him in anyway. The last thing Donaco needs right now is more boardinstability, and given the chaos and wealth destruction he presided over aschief operating officer between 2017 - 2019, I struggle to see how he's abetter fit
- Forums
- ASX - By Stock
- Ann: TOV: Donaco International Ltd 02 - Panel Declines to Conduct
Just a section of what I posted from Intelligent Investor.Mr Tan...
-
-
- There are more pages in this discussion • 3 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 DNA (ASX) to my watchlist
|
|||||
Last
3.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $40.76M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 99554 | 3.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.7¢ | 70000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 99554 | 0.033 |
3 | 191854 | 0.032 |
1 | 25000 | 0.031 |
5 | 963353 | 0.030 |
4 | 347258 | 0.029 |
Price($) | Vol. | No. |
---|---|---|
0.037 | 70000 | 1 |
0.039 | 327212 | 3 |
0.040 | 1420935 | 3 |
0.041 | 78720 | 1 |
0.042 | 100000 | 1 |
Last trade - 16.12pm 09/07/2024 (20 minute delay) ? |
Featured News
DNA (ASX) Chart |
Day chart unavailable