So the Board gives shareholders a gun to the head devil's choice... accept the "not fair" deal or potentially lose funding.
Head they win, tails you lose.
Vote No to conversion. Put pressure on the Board and particularly the independent directors to find alternative funding.
Perhaps a No vote might even be the nudge needed to fix this Governance shemozzle.
And get noisy with the regulator otherwise they'll do nothing.
Ann: Notice of Extraordinary General Meeting/Proxy Form, page-9
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