VRL verity resources limited

Ann: Increased Cash Consideration From BGH, page-3

  1. 385 Posts.
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    Picked that like a nose. Spheria have used their influence and done very well out of it and subsequently, all shareholders see an upswing.

    I'm still filthy that the BoD sold us up the river and it's taken substantial holders to have the offer increased by more than 30%.

    Expect to hear from Mittleman this afternoon about what he wants to do - he controls enough votes on Scheme A, so nobody else matters.

    I suspect he will still vote NO on both Schemes.

    If I'm right, then Scheme A is still dead and here is the Scheme B voting update:

    196m total votes
    82m YES from VRC et al
    15m YES from Spheria
    10m YES from Sethu (assumed)
    Total 107m YES.

    Mittleman 28m NO

    135m votes "counted", leaves 61m unannounced.

    40m more YES votes needed from the remaining 61m = 65%

    If Mittleman sticks to his guns and votes both Schemes down, the only question that remains then - is $2.95 going to be enough to get 65% of the remaining 61m votes?
 
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