It is down to how many shareholders actually elect to vote.
20 million plus any extras shares may be a ploy to minimise the influence of the original vendor.
Face it if only 20 to 25 percent of shareholders ever vote........
Then that is effectively one fifth or 20 percent of the voting shares on resolutions tied up with the executive director.
Try a spill motion then.
It gets considerably harder if not impossible.
regards
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