In a previous ASX announcement it said that XPD were looking to appoint additional Australian based directors.
There seems to have been disharmoney with previous appointments leading to resignations.
It would be good to have some independent directors who are also shareholders and can represent the interests of all owners. They would probably need to be able to talk Chinese. I assume board meetings are all in the local language.
this is a small business ($15m market cap) the interests of the Chinese majority owners and the rest of us are not aligned . The Chinese owners wanted credibility offered by being listed on an international. Stock exchange. The rest of us want growth in dps and eps and ultimately share growth.
XPD Price at posting:
3.3¢ Sentiment: Hold Disclosure: Held