Empire History 101, page-18

Just to clarify it seems 7 major holders at least may have a McDonald connection and possibly   a connection to the ASIC-banned Peter Lachlan  McDonald (who may in no way be associated with Empire in which case the name connections to the Peter referred to in this notice https://asic.gov.au/about-asic/medi...-asic-permanently-bans-perth-finance-brokers/are pure coincidence ...it is a common name!  
If there is no connection I apologise in advance for being a suspicious witch hunter..

As to the people who have been put up to replace current management:
Christopher Adam Banasik
https://www.bloomberg.com/research/stocks/people/person.asp?personId=37854746&privcapId=36545432
(Silver lake Resources came up in my earlier research worth doing your own research   )
Peter Allen: possibly also connected to (African gold explorer ?) Cardinal Resources http://www.rfcambrian.com/index.php/team/executives_allen/
And Brett Fraser ..possibly this well connected analyst https://siriuscorpserv.com.au/experienced-team/
https://wolfstargroup.com.au/about/our-people/

I hope this information is of use to holders.
Cheers