Question
The directors of Ripitout Mining NL decide to sell a mine owned by the company at a price which is substantially less than the real
The directors of Ripitout Mining NL decide to sell a mine owned by the company at a price which is substantially less than the real value of the mine. The majority of the shares in Ripitout Mining NL are owned by Large, Vicious and Lovingit Pty Ltd and these two companies have common directors. Weedy is a minority shareholder in Ripitout Mining NL and wants to know what steps can be taken to protect her interest. Advise Weedy. How would your advice differ if Weedy suspected that the directors were selling the mine to raise finance for the company to invest in a chain of video shops?
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