Thank you sf120 for your explanation. I thought that the 75% is of the remaining 80.1% that Shenghe do not own ( technically as Im sure other friendlys have been buying on their behalf ) is the magic number, which is 60.075% of the total 100%, which would pass. Or are you correct saying it is 75% of the 100% less Shenghes 19.9% which equals 80.1% meaning if 5.1% or more vote NO then the Scheme of Arrangement has failed ? The most likely outcome in my opinion. Bardin phoned me to discuss the SOA but I chose not to respond, however I will email my thoughts about him ,Scrimshaw and the BOD to them all and none of them good. I fear that if this SOA fails then Shenghe will do a secret deal with the Tanzanian Government with brown paper bags and PEK will loose their SML and we share holders left with a company shell, no money and a poor performing overpaid BOD. The CCP, Shenghe and Tanzanian Government have out smarted our pathetic and overpaid BOD
PEK Price at posting:
27.5¢ Sentiment: Hold Disclosure: Held
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