liongold late with payment of $2.37 million, page-15

Many thanks ASF for that informative post.

Not long ago; UML had more than 40 million dollars in cash; and this money has been apparently frittered away.

Is there any SIMPLE way that the other 80% of shareholders (apart from Lion Gold; which apparently owns 20%); can combine to sack the directors ; and to replace them with more business like people??? who might be able to get UML off its death bed???

Would the process be; for a certain percentage of shareholders to require the company to convene an extraordinary general meeting for the purpose of considering the removal of all the directors; and replacing such directors with ???? (this is the problem; because what switched on business person(s) would take this task on?)