""""(3.Nexus Battle seeks a Board position and we understand from speaking to McGrathNicols that this could not be implemented by McGrathNicols but would need to be sanctioned by the Board. After speaking to a Board Representative we have been told the Board of Nexus cannot do this and it is the responsibility of McGrathNicols. Shareholders should have the opportunity for representation at Board level and we seek clarification as to why McGrathNicols does not consider this possible, considering the pedigree of our potential applicants, or otherwise how this can be made possible.)"""
More mysteries.!!!!
It appears that no one has the capability of making that decision. The Administrator sending you to the Board because they haven't got the power to make that decision, and the Board telling you that they have no authority to do such a thing and sending you back to the Administrator as it is their responsibility.
Who's responsibility is it, and who has the final authority to allow that to proceed.??
IMHO, it is the Board's power to appoint new Directors and, as the Board has not been dismissed by the Administrator, one would assume that, if they were willing to allow it, they would have done so.
But, with what they have done thus far, and with the response they have got from the shareholders with the big "NO" to what they unanimously recommended for the takeover, one could be forgiven to think that they don't want anyone there which may be willing to ask some serious questions.
Go figure!!
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Open Letter to Administrator, page-9
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29.0¢ |
Change
0.010(3.57%) |
Mkt cap ! $84.59M |
Open | High | Low | Value | Volume |
28.0¢ | 29.5¢ | 27.5¢ | $34.26K | 119.2K |
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No. | Vol. | Price($) |
---|---|---|
1 | 33374 | 29.0¢ |
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Price($) | Vol. | No. |
---|---|---|
30.0¢ | 1573 | 1 |
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No. | Vol. | Price($) |
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1 | 33374 | 0.290 |
1 | 8953 | 0.280 |
1 | 4000 | 0.250 |
1 | 4255 | 0.235 |
1 | 1854 | 0.230 |
Price($) | Vol. | No. |
---|---|---|
0.300 | 1573 | 1 |
0.310 | 7749 | 1 |
0.330 | 900 | 1 |
0.355 | 10000 | 1 |
0.000 | 0 | 0 |
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