You all fail to understand this FACT. The MAJORITY of shareholders voted for this proposal. That said, Regent Pacific and Consolidated Minerals, own MORE than 50% of BCI. There is a 19.9% limit, on holders who own "Retail" shares. But Regent Pacific and/or Consolidated Minerals may also own "Institutional" shares in BCI. How else did those present at the vote get the proposal over 50%?
Mike Young and the rest of the BC Iron board must act in the interest of all shareholders. If the majority of shareholders (voting power) voted for the Regent proposal, Mike Young is obliged as Managing Director of BC Iron to SUPPORT the Regent Pacific proposal. You're blaming the wrong people here. Why not ask yourselves this question: Why did Glenn Balwin, ConsMin's BCI rep vote for the proposal?
BCI Price at posting:
$2.84 Sentiment: Buy Disclosure: Held
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