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Ann: IHL Announces - Results of First Court Hearing, page-16

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thevinnys

1,958 Posts.

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05/10/23

09:45

Post #: 70182422
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Originally posted by Flyingcorky1: ↑

Hey Vinnies, I hope your right with the holdings. But I thought based of what Joel said at the Brisbane meeting, their is kind of 2 seperate parameters that they need to get the votes for. One parameter had to do with the overall amount of shares (eg top 20 has a big influence over this) but the other parameter was get 75% of all that voted, to vote in favour. In this parameter, ever share holders vote is worth the same, regardless of holding size... optimistically cautious that we should be fine, still gets me nervous

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It has been explained to me this way

Let’s say 100 shareholders vote and they represent 200 shares total.

75% by the quantity of shares need to vote in favour (which would be 150 shares),
and at least 50 shareholders need to vote in favour, regardless of how many shares they hold.

Good luck @Flyingcorky1

IHL Price at posting: 6.5¢ Sentiment: Buy Disclosure: Held
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