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Ann: Issuance of Milestone Shares Under Vaxinia Acquisition, page-32

  1. COD
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    All share holders will have the opportunity to vote.

    Unlike the single vote right that individuals commonly possess in democratic governments, the number of votes a shareholder has corresponds to the number of shares they own.
    Typically common shares carry one vote per share.
    Thus, somebody owning more than 50% of a company's shares can effect a majority of the vote and is said to have a
    controlling interest in the firm.

    From my experience voting rarely gets unapproved.
    Only when major share holders are opposing each other, which is not the case here.
    I consider the voting approval to be done as a formal obligation requirement.


 
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