Ann: FBR 2020 Results of Annual General Meeting, page-43

@Storm_chaser

My reasoning is based on:

One share, one vote is a standard found in corporate law and corporate governance, which suggests that each person who invests money in a company has one vote per share of the company they own, equally with other shareholders. Often, shares with one vote each are referred to as common stock. Most systems of corporate law discourage shares without votes unless they have preferential dividends or liquidation rights, and shares with multiple voting rights are discouraged altogether so as to prevent the concentration of corporate power.

And per FBR's AGM report



So it appears thats not the case with FBR, if what was voted accounted for most of the shares as you said. But the number of outstanding common stock (ordinary shares) is about 2bio?

Whatever it is, those with power (Pivacs themselves included of course) want things to remain as they are and give Pivdogs what they want.

The rest of us in reality dont have a say at all. Doesnt matter much to me now anyway. Just a speccie whose "owners" are greedy and unethical.

The best I hope for now is that Waas is successful and they get bought out at a good price.