13-02-2015, 21:22
It is an interesting and as you say worrying possible outcome to the EGM!! Without knowing exactly what the contracts for the loans say,, would it not be possible to remove the existing board, replace it with the three nominees that King has stated and then re-offer to MA to nominate his 2 board members under the conditions of the loan?? That would give him the two places but leave King in charge with three board votes. Not an ideal solution, but could prevent the loans being called in and buy some time before having to pay the loans off.
If King and co have not had a brainstorming session dedicated to the potential fallout from their actions then they are absolute fools!!! They have to have looked at all the possible outcomes and ramifications of what they are doing!!
If King and co have not had a brainstorming session dedicated to the potential fallout from their actions then they are absolute fools!!! They have to have looked at all the possible outcomes and ramifications of what they are doing!!