*wondering if that ">10m" is 10,000,001 or an order of magnitude above given the current share issue is nearing 863m fully paid ordinary shares at last count.*
That is all well and good if they collectively want to support the ordinary resolution that would come out of a S249D to remove the Board and that support would be most welcome I suspect but not much benefit for being one of the signatories to the actual S249D itself. Anything more than about 5 signatories is very messy and hard to manage so each of those 5 would need 8,630,000 shares as a minimum to meet the grade.
A quick look at the last available Top 20 would assist in seeing how hard it might be to get there.
AEV Price at posting:
1.4¢ Sentiment: None Disclosure: Held
