Thanks Yifuj for your concern. Only been holding for 2-3 months,...

Thanks Yifuj for your concern. Only been holding for 2-3 months, feel for those much longer in this stock and higher. All a bit blind sighted to by the annc this morning especially after the upswing in price late last week and if you read the piece that came out from The Australian newspaper around midnight, paints a different picture and vote going ahead today. http://www.theaustralian.com.au/bus...l/news-story/5c5be285632006c3a05429c86879fa94

Basically the board have screwed over shareholders and in particular the larger ones who was forcing this spill - this condition that wasn't met is a total smoke screen, as they knew the Italians had the majority vote to turf them all out. So appointing a VA was the best way to prevent this and allow MR to deal directly with the VA and SC Lowy for an alternative deal via DOCA (Deed of Company) at the creditors meeting coming up on the 8th Sept.

MP - Didn't go to meeting as I was planning, as had to be in Sydney for an urgent meeting. One of the brokers I know went along and yes Gilberto and Tony were there and about another 25-30 people or so. The VA from McGNicol only spoke briefly and said due to the changed circumstances and the fact that the current board don't control the company now, a vote on the removal of it obviously cant go ahead. They said the shareholder meeting will be re-convened at a future date - when several from the audience asked when & they couldn't provide an answer, pissed off many there. Meeting was done in 5minutes he said. Let's hope now the Italians can get their offer finalized to present to SC Lowy before 8th Sept and trump MR. MR and his board is who we should all be pissed off with in the running of the company, but moreso with the events over the last 24hrs.