Very few companies on the ASX have had a second strike, lost control and be forced to hold a 'spill meeting' and have then not resigned worthwith.
The tribe has spoken but they refuse to accept.
The reality now is that this board is now officially in caretaker mode, and looking at the results of the votes on the remuneration report that were required to obtain in the 2017 AGM and now the 2018 AGM there will questions to answer to ASIC as the 2017 AGM included 8,333,334 for Me Ping Huang, the only difference to 2018, some issuance aside.
So the fight to put some value into PDF and re list has just begun. Round one complete
I will be extremely surprised to see the same names as Directors in 3 months time given the blow just delivered. Now maybe a good time to fire a left hand which they won't see coming.
What's with the resolution 2 results?
DYOR. IMO
PDF Price at posting:
2.9¢ Sentiment: Hold Disclosure: Held