Hey Tony – I agree we don’t stand a chance; I‘ve just read up about this – the vote can be either by “Majority” vote or “Poll” vote.
Majority = count, > 50% wins the vote.
Poll = weighted, where number of holdings are taken into account.
Anyone present at the AGM or in writing can request a Poll vote at the time – so even if we had 500 x No votes I’m sure our minnow holdings wouldn’t stand up against BPGs + buddies which I assume would be present at the meeting and pushing this through as a Poll.
That said, I’d like to investigate who are those guys in the top 20 holders list and what relationship they have with BPG Directors. Even best buddies could vote against these Resolutions as surely it’s not in anyone’s favour other than the directors.
(Yes, wishful thinking – I am being very naïve).
On a positive note, it is reassuring when directors have skin in the game, then their interests are aligned to shareholders interests, and increasing SP benefits everyone. So, assuming the shares are issued (on top of what they have now), a solid launch of the Crypto Exchange will benefit everyone.
Cheers
MSN
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