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clock Created with Sketch. 05/07/19
13:19
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Originally posted by uncystu
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From the prospectus:complying with the investment policy of the Company "3. BHD has provided JBL with guidance that it considers that the only acceptable investments in the current circumstances consist of cash deposits held in the name of BHD at Australian Deposit Taking Institutions (ADIs) only. JBL as investment manager have been provided with instructions in this regard, although JBL maintains that it is not obliged to follow guidance provided by BHD . BHD is considering the consequences of this non-compliance, with terms of the MSA.
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Yeah it's pretty ridiculous. If it does come to needing shareholder approval though, I'm sure they can get it. A liquidation is another one of the reasons to dissolve the agreement...
