Discussions with Mulpha must be occurring. They hold 24% of the shares and these are essential because for a scheme to be approved it requires, for the scheme to be approved, a resolution in favour must be passed at the scheme meeting by each class of target shareholders by both:
- 75% of the votes cast on the resolution; and
- more than 50% in number of the target shareholders voting on the resolution.
Why don't us poor ordinary shareholders get told the true facts???
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