RO8 found this real doosey.  Appendix E - Premilinary Final...

RO8 found this real doosey. 

Appendix E - Premilinary Final Report dated 30/6/2015 review of operations page 5.

"However, despite continuing assurances, the Board appointed under the specific charter failed to deliver not only sufficient funds to allow the company to continue to operate existing assets(whatever they may have been as Agline was in receivership), but it also failed to deliver additional revenue producing assets for incorporation into the structure.

As the result of a Section 249D requisition issued on certain Directors for failure to deliver eludicated entreaties, the Directors Ms Emily DÇruz, Mr Wei Ching Lim and Mr Chris Burrell resigned on 3 February 2015.  Former Directors Mr Paul Duckett,(asssuming the role of non-executive Chairman, Mr Ray Taylor and Mr Trevor Kelly, were immediately re appointed and Mr Ping Huang was added as a Director to ensure that all shareholders were adequately represented at Board level".

Classic case of the Pot calling the Kettle black.  Now nearly 4 years down the track and nothing has changed other than NOT all shareholders are adequately represented at Board level.

IMO  DYOR