Shareholders have now another reason to requisition the removal of this current board due to corporate governance. Issues.
It is common knowledge to anyone experienced in compliance for companies that a foreign registered company can not hold anymore than 5 per cent of an Australian Media company unless authority and approval by the Foreign Investment Review Board, Canberra.
Our company is being eroded from shareholders by directors making decisions that are in the interest of a select few, and not taking into account the rules and regulations that they are bound by.
IMHO the EGM in the near future will be the make or break of Motopia.
Good Luck to all.
IMO. DYOR
MOT Price at posting:
0.1¢ Sentiment: Hold Disclosure: Held