Patroyd don't pin too much ope on the directors not being able...

Patroyd don't pin too much ope on the directors not being able to vote their shares. Check out CLS the MD who owned over 60% of the company all of a sudden transferred a big chunk of shares off market at a massive discount. And you can bet those shares will now vote yes on the rem report which would have had a strike for certain this year.
No doubt the same will happen here and ASIC won't do diddly squat.
It's a pity but we all know the regulator is only there to clean up the mess not to prevent it.