The way I see it: up to 15% should give them rights to one director on the Board only. This action appears to be a vote of no confidence more than anything else (which makes you wonder why they hold what they do in the first place!). The only possible reason is to undermine general shareholder confidence in the Board in the hope they can get better representation (i.e. 2 seats) or, if they are being really cheeky, undermine the share price and make an outright bid for the company (although I think ASIC may have something to say about the way they are doing it). Bottom line: urine to the four breezes at this stage...
Kit.
board to be sacked, page-9
Add 5GN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
14.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $44.26M | |||
| Open | High | Low | Value | Volume |
| 14.3¢ | 15.0¢ | 14.3¢ | $15.76K | 108.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 134676 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 2129010 | 23 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |