if the directors don’t submit the substantial holding notice before the meeting, they cannot vote.
Therefore, the NO case will win
Directors might play tricks and cancel the meeting at the last minutes or don’t turn up to meeting at all.. They are deliberately stalling for time, so they can siphon the $50 mil cash.
write to ASIC, and urge them to contact the chinese fraud police. To put a silent watch on the company’s financial transaction.
XPD Price at posting:
3.3¢ Sentiment: Hold Disclosure: Held