These schemes of arrangement are becoming annoying as hell. What...

These schemes of arrangement are becoming annoying as hell. What happened to a simple take over offer where the shareholders can simply vote yes or no? I wonder if ASX or ASIC or Australian Shareholders Association (ASA) couldn't do more to regulate this practices.
I also feel that 75% of acceptances seem low to force the other 25% to sell. Shouldn't this number be more like 90%?

Now, the company either is sold or loses 11M...

And we may have to find another cash flow rich company... Frustrating