MEL 0.00% 0.5¢ metgasco ltd

Ann: Notice Received under Section 203D of the Corporations Act, page-2

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  1. 1,027 Posts.
    An interesting move with Directors proposing to call a meeting of shareholders to remove a Director
    representing the largest shareholder with over 19%.Perhaps there will now be a counter move to remove the
    Directors lodging the Notice.
    It is a pity this spat has emerged during this exciting time for MEL when the Board should be pondering
    on- whether to convert their loan to BYE to shares to maximize any benefit from the 30 day VWAP,drilling later in the year etc.
 
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