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15/05/25
14:08
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Originally posted by JungleJim1:
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I agree an investigation is required but ASIC won't act unless extensive details on any misconduct are provided in the submission. All I am saying is, it's possible through the Corps Act that ASIC "demand" FFX to hold a meeting. The purpose is to find out what's going on behind the scenes. We the shareholders can add an agenda item to replace the BoD -no confidence motion- based on unfulfilled promises(ie, to pay the money and distribute the LEO shares held, to shareholders). We obviously need to nominate directors.
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Unfortunately JJ, not my area of expertise. However @franky1 @GARETH78 or @fooca may be able to share some insight. All i know is that this BOD are currently in breach of their reporting obligations by a shite load. Surely that is enough for ASIC to put in a call...