conflict of interest23 Jun 2021 10:42
bod is worried that they will be chucked out by shareholders in the next meeting and so want to wind down the company with restructuring now.
bod is more in favour of bond holders(creditors) than the shareholders (owners of the company).
they are worried that if the new bod will come in
-- they might do new resources report.
--they will try to fix the pump and stable the production.
-- will look for more options to increase production(water injection).
and if all that goes well than they will be accountable for not operating the company in good manner and might be taken to court???????
ALL WE NEED IS NOW EXTENSION AND KICKING THE BOD OUT!!