I see Mr Marshall persists that ERM have not made a fair and reasonable offer.
Had ERM made an offer and had the shareholders accepted that offer as being fair and reasonable then directors would be removed from the board. These directors would then stop being defenders they would become the injured party and legally seek maximum compensation for position and financial loss. Under these circumstances, answers to all the questions and requests by shareholders and ERM I don’t think any would be forthcoming.
However by the results of a 249d meeting there would always remain that cloud of Uncertainty as to why did the shareholders so act and deemed to see fit and sack certain directors???? The demand for answers can continue to be presented.
In regards to opportunistic.
It brings to mind two parables.
Opportunity never knocks twice at the same door.
Strike while the iron is hot.
EGO Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held