I believe we now all need to contact both the ASX [email protected] and ASIC [email protected] and request that the current s249D should be via a special resolution and not an ordinary resolution as any 1 shareholder should NEVER be able to select the BOD of any publicly listed company on the ASX.
I believe the current BOD being selected via an ordinary resolution got us into this mess.
Ordinary Resolutions should NEVER apply when any 1 shareholders holds more then 50% of any company, minority shareholders should always have a voice.
L4L
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