AAE 0.00% 0.8¢ agri energy limited

sale of beatrice biodiesel, page-39

  1. 323 Posts.
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    So the question is how such an outcome can be achieved given that the shareholding seems very fractured with not a single substantial holder (just looking at Etrade).

    The best method would be to pressure the independent directors. It ought to be sufficient. Directors have certain legal responsibilities, and it would seem fair that even should the sale go ahead, that a motion be put to the shareholders not to continue with the overall venture but to liquidate completely. It would be the only fair thing to do.

    Their names are in the Annual Report, so you would just have to look them up and call them. I wouldnt be shy because they receive fees i believe for being independent directors, and that is what they are for, to independently represent shareholders.

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    As usual inexpert opinion...
 
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