I think there maybe big troubles/issues going on, that we have not been made fully aware of ......In my opinion Board Changes aren't usually that difficult to put in place unless IMO there are a number of substantial shareholders/creditors who want their own representatives on the board.....
Also the use of the words in the announcement ..."LEGAL STATUS of the other ...." implies to me that there are issues as to who is or will be in charge and who does what !!! maybe the Co is being broken up (Who Know's).....I don't know but what else can this possibly mean. Surely the Co owns the whole lot so why does any "legal status" need to be clarified or sorted out.....makes on sense !!!!
TO ME IT'S JUST NOT LOOKING GOOD AT ALL ..... This all reminds me of similar things that happened in Brazil some time ago when the Co back then was called "Mundo".
Like always DYOR
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