I have no doubt any resolutions put forwarded would be turned down at an EGM as CNP debt holders are allowed to vote.
However, any motion to bring one forward would advertise to non active CER holders that the directors are on the verge of making the biggest mistake on behalf of our company and it's up to us to do something about it come voting day in 3 or so months.
CNP debt holders cannot vote in the merger with their 51% stake in CER, which means there are 1.13b votes that are available. Of the 1.13b, 565m is required to have the merger blocked. I can provide almost 1m of these. bit by bit we can make inroads into the 565m target. Every vote counts!
As I said before, I think a letter explaining our objection to directors, is step 1 before an EGM is called.
Thoughts?
Cheers
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