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06/03/19
20:13
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Originally posted by kiknet
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I'm not 100% but I think after the 3 years they don't have to wind up just delist from the ASX then it becomes a standard private company with us stuck as shareholders.
They probably only got what a few hundred k in cash plus the LRM shares left now? They have such a large holding of the company so I keep hoping for the rabbit out of the hat.
Maybe see what the next quarterly says then I'll look at setting up an email and getting together some holders for a 249d Change of company board. We only need 5% to initiate a vote and I think removal/appointment of directors is an ordinary resolution which only needs 51% to pass, better to go down fighting then fade away to nothing.
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Agreed kiknet.
Been a while since I looked at the constitution, but I think shareholders have to give a fair bit of notice (2 months possibly). So the sooner the better.