The company, whose shares are suspended from trading, now has a board lacking any AI expertise, the CEO tells NBR.
NZ RegCo says the company has failed to appoint new independent directors after two sudden resignations last week.
A group of shareholders has objected to the offer from Cushing family, requiring a new independent appraisal.
Higgs follows director Brett O’Riley out the door as the NZX-listed company seeks to appoint new independent board members.
The merged company will have a market value of more than A$30b when it joins the ASX.
Casino operator is running out of cash and its shares have hit record lows.
Minerals giant Fortescue agrees deal to buy Pilbara iron ore project.
A research note from Craigs models three scenarios on US tariffs but sees current year profit at top end of guidance.
Former EMA boss recently wrote of AI’s benefits, but has decided to leave embattled NZX-listed company.
Analyst says update below expectations.
