Family feud dominates EFTel meeting

As spectacular shareholder stoushes go, EFTel's extraordinary general meeting held today had it all: disallowed proxies; a bitter family feud; disputed legal opinions; all topped with allegations of lies and dirty tricks.


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Things must really be bad if the CEO's older brother is forced to publicly oppose him. If the claim that the whole of the board are related by marriage or birth is true, it would appear to be cronyism at its worst.

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