Hypothetically; what if the recent sale of equity bought some...

  1. 129 Posts.
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    Hypothetically; what if the recent sale of equity bought some more votes for a 'second chance draw' at the AGM? A second chance that would not have been possible if the recently retired directors did not quit, did not 'stack' the board the fill it to its constitutional maximum and therefore making the EGM irrelevant. Ie: the vote at the AGM might not succeed in removing the remaining retiring directors and the proposed directors would never see service. Even if it did succeed they would be outnumbered 7 to 3; the result being that all of us will be none the wiser as to why this is all going on. Maybe I'm being overely suspicios but I can't for the life of me understand why such energy is being devoted to this havoc. Something is going on behind the scenes and I suspect it's big.
 
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