The yes vote has to pass both head count and volume hurdles:
https://www.minterellison.com/articles/summary-of-australian-takeover-laws
And I agree that it's far more likely for small and retail holders to knock the proposal down on the head count. But if that happens, why would you ever consider allowing that board to continue to "represent" our interests? We would need voting power as well as head count to call an EGM and spill the board. And once the board is refreshed, why would you ever consider allowing the current CEO to continue running the business?
We need to ditch this "build it and they will come" and "just around the corner" mentality. And end this scrambling around with irrelevant and meaningless peripheral activity. How many of those insanely expensive wearable devices have been sold? How many robust handheld devices sold? How many sleep apnea subscriptions?
The board and the management have feasted at our table for years and now that they've digested as much as they want they're offering their poop and asking us to be grateful for it.
Ann: Proposed Acquisition of ResApp Health by Pfizer, page-521
Currently unlisted. Proposed listing date: 4 SEPTEMBER 2024 #
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