About the only thing that is clear is that control of the OIL...

About the only thing that is clear is that control of the OIL board was (and still is) vested in WA. I presume that Lurie and Mutton were appointed by Francis, Griffiths and Currie before the first two resigned and this leaves Lurie, Mutton and Currie in control. This is poor form on the part of the departing directors since they have (temporarily) removed the right of shareholders to appoint/remove directors. Sadly their actions are not outside the law. At the moment we have a board where Mann is a party to a resolution to remove Currie from the board and Lurie and Mutton are party to a resolution to remove Mann. Hardly the perfect conditions for harmony. It feels like an uneasy truce and it remains to be seen if the meeting goes ahead on May 10. I would feel a lot more comfortable with Fraser and Grey on the board following the departure of Currie. If Currie remains we will have a hung board with problems about appointing a Chairman. In the meantime perhaps Zeiss might gain CE approval and launch Convivo.
N.B. Darren Lurie was such a popular Chairman at Farm Pride that the board didn't announce his resignation - they simply filed his final director's interest with ASX.