if the FMS Board has failed to comply with this section of the Corps Act, and failed to allow "a reasonable opportunity for the members ... to ask questions or make comments ..." then there may well be grounds for complaint, BUT also maybe grounds to reconvene the AGM, so that Directors are required to follow the directions of the Corps Act, and to allow s/h the ability to ask reasonable questions.
And I would expect that questions regarding the development, and alleged sale of the ore from PIOP, is very much a material issue that goes to the very heart of the viability of FMS.
A more relevant and material matter affecting shareholders and the company itself, could not be found imho.
The conduct of the meeting, and the replies received, did not provide for s/h to ask their questions, nor provide s/h with the answers to their questions.
In addition, the failure to allow a presentation of the M/D report only made that situation worse, because a presentation by the M/D may well have provided answers to those reasonable questions?
FMS Price at posting:
7.5¢ Sentiment: None Disclosure: Held