mis-leading information by cgv board

Has the current board misled investors in the recent entitilements offer given the about face immediately after the AGM and close of the offer?

The Disclosure Document (10/10/11) and the Quarterly Report (28/10/11) at no time suggested any changes to the strategic direction of the company and the change of the board until immediately after the AGM, which was preceeded a few days earlier by the close of the entitlements offer (22/11/11). Coutts provided no information or presentation on the company at the AGM and the Chairman (Martino) couldn't have even been bothered to show up. There was also an apology from him at last years AGM.

Given these are material changes to the company the board would have planned these changes well in advance of the Disclosure Document, or atleast prior to the closing, and certainly well before the AGM.

Given this company was re-listed as a UCG company and up until and including the last quarterly report of 28/10/11 UCG featured predominantly as its main activity, I would have thought that the company would need shareholders approval for a change of strategic direction.

Please tell me your opinion if I am wrong but have the investors of CGV been grossly misled by the current CGV board?