I think I've got this right. Most think the board is incompetent. So you're perhaps thinking, let's really make them pay. Let's get this report released to really rub their nose in it. It'll prove that they are infact incompetent. Why did they support this scheme?
Please guys, can we step back for a sec. I've noticed sections quoted where BCI should release the report or they maybe in breech of ASX listing rules or something like that.
However, I could list some ASX listing rules that state that the board must act in the interest of all shareholders. If the majority of shareholders vote for a scheme. The board is bound by law (obliged) to act for the majority of shareholders. To repeat what I said in my last post. ConsMin and Regent had the 50% voting power required to pass the scheme/proposal. The board had NO option but to support the scheme. The board are the meat in the sandwich here. Please don't let emotion get in the way of clear thinking.
BCI Price at posting:
$2.85 Sentiment: Buy Disclosure: Held
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