LCY 0.00% 1.3¢ legacy iron ore limited

10c up to you, page-39

  1. 1,854 Posts.
    I've just read through the last 20 or so posts.

    Manny and Zmans, just let those down rampers dig a deeper hole for themselves.

    We all know that Legacy's future is assured thanks to NMDC.

    I wouldn't even try to set them straight. Too much wasted energy.
    I also wouldn't worry that they will vote "NO" to the deal.

    Look at it this way:

    * The biggest down rampers do not hold any shares, so they can't vote.

    * The undecided ones have probably sold out most of their holding in the panic so their votes will be worth bugger all (max few %)

    * The true believers and supporters of this stock own most of the shares. This includes the management. Not only they haven't sold out but they bought more at these very low levels.

    It is also a well known fact that most of those who hold bugger all shares can't even be bothered to vote as they know that their vote will make very little difference.

    On the other hand, those who hold larger parcels plus the top 20 plus the management will of course be voting because they have a vested interest in the company.

    So, since we only need 51% YES votes to get the deal through, the chances of us being out-voted are very slim at best.

    Do you think that PP will go and buy shares just to be able to vote? LOL
    His ranting will not count one single bit when it comes to the crunch.

    Really we should be thanking the likes of PP and Kozzie for giving us the opportunity to top up, amass even larger holding and transfer the ownership from the weak hands to the strong hands.

    See you at the EGM down rampers.

    Oh, I forgot, you can't get in.
    It's shareholders only. LOL
 
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