ADY admiralty resources nl.

"(Good to see people care about their investment with only 5%...

  1. 24,386 Posts.
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    "(Good to see people care about their investment with only 5% bothering to vote)"

    CaramelloKoala,

    Apathy is what makes the Directors and Boards thrive. A few years back I was talking to some shareholders of another company about voting and it was confirmed to me that they usually vote in favour of resolutions and/or give the proxy to the Chairman of the meeting with powers to vote as he wish.

    When I asked them as to why they were doing this, they replied that they worry about Management finding out how they voted and who they were. I nearly fell backwards when I heard that.

    The same thing happened with AAR with the last AGM. Nearly every poster was saying that they were going to vote No for the resolutions, but when the AGM results was announced the only shares that were voted against the resolutions, (And believe me on this) amounted to less than the total AAR shares I do own. That really got me stumped and I am intending to follow that through. Of course I will expect the usual reply. My proxy vote hasn't been received, or possibly not in time.

    Of course when I asked what happened there in one of my posts, NO ONE REPLIED. You can check it out if you wish.
    I am sure that they didn't expect that only that small amounts of shares were going to be voted against the resolutions, and it stood out like the proverbials.

    Buddy
 
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