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Ignite cries foul over share transfer
Ignite has applied to the Australian Government Takeovers Panel for a review of events that occurred during its recent capital raising, which the company alleges gave two activist shareholders the ability to exert disproportionate control over its affairs.
Ignite has for some years faced pressure from activist investor Daniel Altiok-Brown through his investment company Octavium Capital for board change and renewed strategy.
Altiok-Brown is a small-cap investor specialising in situational opportunities in undervalued companies...
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