Shareholders up in arms over Merlin Diamonds vote – The Sydney Morning Herald

A group of aggrieved shareholders in Merlin Diamonds planning a board spill say they will report the company to the corporate watchdog after their fellow investors voted to increase the shareholdings of the family of recent bankrupt “Diamond” Joe Gutnick. On Tuesday, the majority of Merlin shareholders voted to approve parts of a $2.3 million recapitalisation proposal…