re: thread suspended (free speech)
i just read this, and thought it relevant to posters' previous comments.
its publicly available.
It just another example of how important a medium such as HC actually is to shareholders in public companies.
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Rebel battle
THE rebels at Golden Gate Petroleum have triumphed … sort of. Angry shareholders had hoped to kill off a $10 million capital raising that involved issuing convertible notes to clients of Novus Capital.
The rebels, who set up a forward post on bulletin board Hotcopper, complained that the deal would give too much power to Novus clients.
Battle lines were drawn at a shareholder meeting in Sydney on Wednesday, with the rebel camp hoping enemy numbers would be whittled away because subscribers to the convertible notes were barred from voting on the proposal.
When proxies were unveiled, it became clear the note issue would be narrowly defeated, 184 million to 172 million. A compromise proposal from the company, cutting in half the number of notes to be issued, was tied on a show of hands.
But, when the smoke cleared from the battlefield after formal votes were counted, it passed by 236 million to 182 million.
