This man has been holding the company back with his ingrained self interest policies. It is good to see that the other directors agree with the shareholders for once.
A man who who is the director of a company who transfers two million dollars of that companies money into an other company that he is a director of has commited a criminal act in my opinion.
Why was this not reported to ASIC ?
I was also told that this man tranfered the money from the KCG accounts "without" informing the other directors.
A severe breach of corporations law, if he tries to fight the removal of himself at the EGM then maybe you could inform the other shareholders of this mans activities.
