The company’s chief executive, Greg Goodman, is expected to face intense scrutiny from security-holders over an 80 per cent fall in the security price and a resolution that would grant him 7 million options, even though Goodman had to raise $1.3 billion through a series of placements and asset sales two weeks ago to steady its balance sheet.
Mr Gibson said the company’s ability to achieve its guidance depended this year on selling assets, and its earnings for 2009-10 would be at risk if property markets failed to recover.
