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Are the Directors taking up their Rights?, page-3

  1. 138 Posts.
    lightbulb Created with Sketch. 36
    Thanks Lotirish.....that is a good point.

    I think a director cannot take up shortfall shares, I recollect somewhere that Havilah directors got into trouble with the ASX by doing this in the past.

    If these other mystery large shareholders put up $3.0 million then Dr Giles should be able to take up most of his allocation.

    Dr Giles could easily issue a statement indicating that he would take up his rights to maximum that he is permitted under the Corporations Law.

 
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