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good post. I just think it's not worth it as so many people...

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40 Posts.

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21/12/23

17:25

Post #: 71575170
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Originally posted by akgo01: ↑

"I also agree my learning is as a shareholder you don't really have a say."

When I look at the composition of the shareholders (see below), I can see clearly that the small shareholders (holding no more than 5000 shares) could have easily defeated the proposed scheme which I believe didn't serve their interest. That is if only they had cared to vote to protect their interest.

So I would say it is not that small shareholders (collectively!) don't have a say, it is that most small shareholders don't care or don't know how to exercise their right to have a say.

And sadly this recent event has probably made some shareholders feel that it is futile to exercise their right to have a say in the future, which will perpetuate the (false) belief that small shareholders (collectively!) don't have a say, much to the delight of major shareholders and their allies in the management.

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good post. I just think it's not worth it as so many people would never vote. E.g. some people that only hold short term etc.
So I fall well into the category of people you describe. It's just all politics and not as transparent as the sharemarket presents itself.

AKE Price at posting: $9.83 Sentiment: Hold Disclosure: Held
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