Dubber.Dubber.Do., page-8049

Yes, but the EGM can also offer some transparency on other matters as well. McGovern may have taken the money, but it's the same board that caused all the other matters to happen and will not share any details. Bad debts, revenue, where the money is being spent, inter-related companies, empty $1.5 million year offices, GP sponsorships, moments, etc. If the capital raise goes ahead and all shares are diluted by 50%, it still the same lunatics running teh asylum with no checks and measures in place. The board do not want to face shareholders and are they acting in our best interests.?

Shareholders can use an EGM to put forward resolutions to remove and/or appoint directors of the company.
Shareholders with at least 5% of the voting rights can request an EGM to gain access to the company's financial statements and other relevant financial information
An EGM can be called to address time-sensitive legal or financial issues that cannot wait until the next Annual General Meeting