EFTel shareholders dumped its chairman Glenn Darlington and fellow director Greg Searle at a general meeting, held on December 12. According to a statement tendered to the ASX, all resolutions were decided by conduct of polls.
Jurgen Steinert retained control of the board with shareholders re-electing him and voting in Jeremy Cousins as a director.
The meeting was fraught with drama, according to the West Australian newspaper: “About 30 EFTel investors plus a league of lawyers hired by other directors attended the meeting, which dissolved into a fight between opposing board factions for control of the fledgling internet company. "
Despite the trouble, the service provider recently launched a wireless Web service.
The patented technology will be accessed from a device known as a Pocketsurfer2 and allows people to access mobile Web services, at an apparently 'low-cost'.
EFTel’s chairman pushed out
By Lilia Guan on Dec 13, 2007 10:10AM