Gina Rinehart now holds 19% of the company, she is effectively...

Gina Rinehart now holds 19% of the company, she is effectively the de-facto owner of the company. Without her support the share price would be nearer it's intrinsic valuation of around 38c.
The Chairman and board of directors hold virtually no shares but do receive very substantial fees for their services. The spiralling share price has not affected the handsome rewards they garner from these roles. I can't help thinking their objection to Gina has more to them preserving their cosy fee's and positions as Chairman and Dirtectors.
If they had any commitment to FXJ they would hold a lot more shares and would certainly be buying at current levels.
Gina will succeed in turning this company around .......get rid of the current board and let Gina have her board positions!