How to vote to remove CDB board, page-4

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radioactive

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11/06/16

14:37

Post #: 18013587
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Originally posted by radioactive ↑

Here's a new article regarding the darby's which can be found here:

http://condorblancoshareholders.com/
DARBY’S HISTORY WITH GENERAL MEETINGS: AFR ASKS “ASIC, WHERE WERE YOU?”

June 07, 2016

With Condor’s General Meeting approaching on 5 July 2016 for shareholders to consider removal of the Darby, Darby and Feruglio, it is interesting to note how Darby has managed similar challenges in the past.
Lia Darby was Managing Director of Global Metals Exploration (GXN) throughout 2013. Trevor Sykes, in an AFR article published 26 June 2013, recounts how Darby issued 450 million GXN shares in an extremely dubious manner and within 40 hours immediately prior to a 249D General Meeting, directly resulting in Darby and another director “hanging onto office when they were facing the sack.”

GXN buried by an avalanche of proxies – Trevor Sykes (The Australian Financial Review)

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And yet another damaging article in the Australian. Further details can be found here:

http://condorblancoshareholders.com/

TAKEOVERS PANEL ISSUES ORDERS AGAINST CONDOR

June 11, 2016
The Australian reports that the Takeovers Panel has issued orders against “failing minerals exploration company Condor Blanco” after finding that Condor “had breached the corporations act by failing to properly disclose a string of share issues which “improperly diluted shareholders”.

Takeovers Panel slaps Condor Blanco with new orders – Anthony Klan (The Australian), 07 June 2016

CDB Price at posting: 0.9¢ Sentiment: None Disclosure: Held
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0 Great analysis

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