I can’t see how the TO panel has the power to stop the share...

I can’t see how the TO panel has the power to stop the share buy-back.

The share buy-back has nothing to do with the crossholding or poor disclosure in regard to major holders.

The current board either is legally convened or it’s not under the corporations law. If the board properly exits under the law it should have the power to govern under the law, including initiating buy-backs, raising capital, investing, divesting, announcing dividends, etc etc.

If the board is illegally convened then ASIC should remove them.

If I were the company I’d be taking all of this for judicial review immediately. I don’t think the TO panel has the power to make orders around decisions of the board, ie the buy-back etc.

Remember this is a Kangaroo court under the Australian constitution. Get all these decisions reviewed by the federal court before you cave in Anton. Esh