Actually that "overwhelming support", works out to about 34% "yes" vote on the first resolution. (All were in the low 30's). About 60% did not vote...either they are beyond caring about the result, or know that nothing they do can effect the course of the company.
My guess ...Shareholder fatigue or PTSD.
In my opinion they should need at least 50% of the elligible votes to change the existing conditions, and a "no show" should be taken as NO CHANGE to the status quo. On that basis the 2 directors would automatically retain their positions but the finanial resolutions, 1 and 4 would need to be rejected with a "please explain better" and resubmit...and resubmit. (Untill you can get greater than 50% of informed voters' approval).
Ann: Results of Meeting, page-10
-
- There are more pages in this discussion • 41 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CLZ (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $755.5K | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.1¢ | $7.851K | 7.268M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 160 | 356202851 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 62585446 | 9 |
View Market Depth
| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| CLZ (ASX) Chart |