Many thanks for the information and insight, much appreciated! I would visit Moama if I could, but I'd rather put the money towards buying more shares before the grand meeting
Based on your information and my research combined, I have come up with a calculation of (rough) numbers for the meeting. Bear in mind that last time, approx 1/3 of shareholders voted online before the actual meeting and 99.99% of these votes were in support of the resolutions.
And also, this calculation only accounts for 672,538,386 shares out of 976,859,728 = 68.85% of total shares (55.18% if new shares issued).
Based on the preliminary results of the previous voting, it is logical to assume that the remaining 31.15% of shares will likely vote in favour of the resolutions at the upcoming meeting.
Green: safe to count as supporters of resolutions
Orange (up or down): likely to vote in shown direction
Red: against resolutions
*Note: if additional 241,964,932 shares are issued, this will account for 19.85% of the new SOI. Worst case scenario is that all of these new shares vote against the resolutions; this would result in 19.85% + 15.94% against = 35.79%.
Supporters would be diluted to 31.90% + 5.93% = 37.83%.
This leaves 26.38% unaccounted for: as stated above, it would be logical to assume that the majority (over 50%) vote in favour of the resolutions.
But the big question is: would Vaz be able to find enough evil people to stump up $725,895 in its entirety? Or will he have to open up the offer to friendlies as well to fill the pot?
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