3 Directors as a minimum is an ASX requirement rather than a...

3 Directors as a minimum is an ASX requirement rather than a company constitutional one.

The current 2 non-exec directors is insufficient as was mentioned at the EGM mid last year but it was stated that the company could not carry any more Directors as it was a little company. Odd reply at the time.

Also the Board spill happen at the AGM rather than after it, as it has to be a resolution put forward for the AGM and is usually a resolution that is triggered by a no vote of 25% (of votes cast) against the Remuneration Report resolution (non-binding by the way), which is what triggers a "strike" in the first place. The next resolution, which would be to spill the Board requires a no vote count of greater than 50% (of votes cast). Yes, there is a lot more but that is the nub of it.

The process is well defined and well trodden by many companies in the last few years and it looks like it is a path that AHF will be taking in Nov/Dec if not before through an EGM.

I hope for shareholders sake the company is not indebted and then the cash emptied by the current incumbents before this all happens. Right now it is like watching a train crash in slow motion.