Roger1,
If your second statement relates to the comments I've made, the reality is in an asset sale situtation the group of shareholders who spilled the board will have the same power to vote through the asset sale as they did to change the board. My understanding is that an asset sale can be passed by ordinary resolution which just requires 50% of cast votes (I could be wrong....are there any lawyers or company secretaries out there that can opine?).
It's not a question of conditioning, it is a question of having no choice. Of course we could all get out and actually vote if we are unhappy and we might narrow the gap, but if we voted the proposal down any SP premium would immediately evaporate and we would be back to square one having wasted a lot of time.Esh
Ann: Results of Meeting, page-83
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