Next Tuesday fast approaching. Even though it is a little hard to follow the below, It is imperative that all SH vote. I had already voted ages ago AGAINST and especially as they state OIL will remain high for the next 2 yrs and the upper end value was $4.92 before this Oil increase. I notice a substantial SH notice. I was hoping BPT would lodge a bid. I did email them but got no reply back (which could be a good thing)
The Scheme needs to be approved by the requisite majorities of Senex Shareholders at the Scheme Meeting, which is: • at least 75% of the total number of votes cast on the Scheme Resolution (in person or by proxy, corporate representative or attorney), where each Senex Share carries one vote; and • a majority in number (more than 50%) of Senex Shareholders present and voting (in person or by proxy, corporate representative or attorney), where each Senex Shareholder counts as one vot
SXY Price at posting:
$4.59 Sentiment: Buy Disclosure: Held