Wonder who they mailed hard copies to?
I think we might have in past been pushed onto their electronic comms list as is the want of share registries ...
so what have we received from GNX for this. to shareholders, IMPORTANT decision/transaction meeting.
All we have received is a proxy voting form and paperwork for accpting the takeover offer should the SOA deal fail + some cursory indicating that you can download the full scheme booklet from their special website.
Not even a bried summary / synopsis of what the SOA deal is.
How many other "small" (we have about 100k shares) are going to be in this position ... kept in the dark by what we reveive in mail from GNX, and are not going to be bothered trying to find and read onscreen the pertinent and relevant info in a 400page online pdf document.
More than likely these people, ekpt in the dark, will not even woory to lodge a proxy vote, because they are un-innformed abput what is planned.
If they WERE informed ... is likely they would see they are being SOLD_OUT by this GNX board and it "roll over and stick your legs in the air" reponse to the opportunistic approach by J-Power.
I think it is dispicable bahevioour on part of GNX in a possible attempt to "stack the shareholder voting" in a manner that suits their desired outcome, their claim it was not posted out to save money & resources etc.
Needless to say, the share registry has been contacted and a FULL HARDCOPY of the Transaction Document has been requested to be mailed.
In the meantime, I had a phonecall from a GNX spruiker wondering how we would be voting .... he got short shift with a NO WAY Hosea!
Our proxy will soon be lodged .... A defintite NO
Get enough shareholders by number voting and J-Power will have to resort to their second option , which I hope will also fall through, at least until they come back with a reasonable offer now that the mjor pumped hydro project is almost 100% derisked.
Not NO NO NO to these opportunistic low-ball offers.
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