Ariadne would certainly have a firm grip on what management can do via board influence
However, management are asking for ore-approval from holders. This means that providing directors agree, management can pull the trigger whenever they like.
This is not needed and is an ambit claim. Put it to holders when the need is demonstrated. If their is a good reason then holders will see the logic and vote yes.
But we should not give them the power to raise on a whim such as management decided they want to do up the office!!!
These are difficult times and all decisions require detailed scrutiny by many pairs of eyes including ours
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