Ann: Results of 2024 Reconvened Annual General Meeting, page-4

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30/11/24

00:42

Post #: 76851637
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Originally posted by sarge17: ↑

I just don’t understand the indifference and/or apathy of the shareholder base. Starpharma has approximately 412m shares on issue. Only 165m votes were cast in total to determined the fate of Resolution One.

That means 247m shares sat idle in shareholder hands without being cast at all. This is quite remarkable considering how far the share price has fallen, the extreme lack of positive operational advancements, and the resultant destruction of shareholder value over the last 2 years.

Of note, it was the lowest number of votes cast to determine the Remuneration Report since the 2015 AGM.

All I can say is you get what you vote for, but unfortunately institutional shareholders will always have the most leverage regardless of whether they choose to vote or not apparently.

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I think the answer is simple. The instos, which mark to market, have accepted the uncrystallised losses and moved on. The remaining value of SPL is miniscule for them and they just put them in the bottom drawer while they get on with making money elsewhere in this bull market. Everyone else should do that too.

SPL Price at posting: 11.5¢ Sentiment: Sell Disclosure: Not Held
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Last 9.1¢		Change -0.003(3.19%)		Mkt cap ! $38.05M

Open	High	Low	Value	Volume
9.3¢	9.3¢	8.9¢	$56.67K	623.6K

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No.	Vol.	Price($)
2	100000	0.088
2	185167	0.087
1	10000	0.085
2	91904	0.084
1	50000	0.083

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0.091	19999	1
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