From my limited understanding the 65% negative remuneration vote...

From my limited understanding the 65% negative remuneration vote was achieved because David Stewart as a director couldn't vote on it. In the proposed takeover vote he will be able to vote with his 17m(?) shares. This could significantly impact the outcome.

Before shareholders vote do they receive a valuation type report from some "independent" business analyst company? If so would this report be likely to provide some information of NTC's future earnings from 5G, NBN etc? I believe shareholders are entitled to know what seems to have gone wrong with their 5G strategy that the intrinsic value of the shares are only $1.10?

Surely for the directors to satisfy their fiduciary responsibility to shareholders they would need to have their rationale for selling at this low price documented. They need to explain how the company's future has been screwed up during a period when shareholders were being told how successful their 5G technology is. Also at 2018 AGM some four months ago there was the clear message that major contracts with Tier One contracts were well advanced however they were bound by commercial in confidence but expect good news. Directors need to inform shareholders of the contract situation, and perhaps (as we suspect) they haven't even reached preliminary contact stage.