Ann: FY2018 Financial Statements, page-23

Think you are saying that shareholders due diligence was very poor. Nothing has changed from the Prospectus. Sexton started with Beston Wine Trust wound this entity into BFC and the Prospectus tells the rest. BPAM has been in the game from the start - shareholders accepted BPAM when they bought shares.

Why should BPAM continue to get paid for non performance? Have a look at BPAM management fee and termination fee (if triggered). BPAM has a rolling 5 X 5 x 5 x  . If Termination clause is triggered then fee - approx $2.5m - is payable. Company funds to pay. Does the Company have the $$ - doubt it.

Where are the big shareholders? Why no Board representation? Obviously friction between Sexton and major shareholders. 

Looks like the Sexton show.

Shareholders vote against reelection of two Directors AND Remuneration report at AGM. Shareholders CAN'T be ignored any longer. Shareholders need 2 Directors to replace those deposed. Volunteers needed.

Sexton be a gentleman - resign and take BPAM with you at no cost. Allow others to create shareholder wealth for you and all.