The company will be hiding this 249D notice from the investing public until the very last minute. There appears that there is a need for the BOD to not allow shareholders any information into the running of this company and its actual state of affairs over a period of many years.
Fortunately for the genuine shareholders they have been able to obtain documented evidence of some of the things that have gone on which has been forwarded to the solicitors acting for the shareholders. There is also documentation to prove that this is not a one off event but has happened in other companies that directors have been or are involved involved in.
The threats coming thick and fast to genuine shareholders from the BOD and their associates has no effect, the spill meeting vote will have no effect, the 249D vote will have no effect, but the courts findings will have a serious effect on the BOD and their associates.
If allowed to continue as it is and what is procastinicated about for this company, how many of the current shareholders do you think will be left when a consolidation is done at .20c for a relisting and who is going to support the required shareholder spread?
ASIC and the ASX are seriously letting down the shareholders of this and other companies by not being proactive when companies are not acting in the best interests of their shareholders.
IMO DYOR