Lambert is the managing director of Cashflow Pty. Ltd. which runs a chain of restaurants. A short

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Lambert is the managing director of Cashflow Pty. Ltd. which runs a chain of restaurants. A short time ago the company sold two of its Gold Coast restaurants and has capital in excess of its needs. The company intends to distribute this excess to its ordinary shareholders. However, the preference shareholders object to this proposal.

Advise Lambert whether Cashflow can proceed with the proposal, and what steps the company should take.

Posted Date: Oct 11, 2021 09:58 PM

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Lambert is the managing director of Cashflow Pty. Ltd. which runs a chain of restaurants. A short

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