Yeh, you would be surprised how effective such phone campaigns are. They were really worried re the financing resolution which was a special resolution requiring 75% of votes in favour (rather than the director appointments which are ordinary resolutions requiring 50% or better). If the company had failed on the financing resolution then they had to go back to bankers to renegotiate terms, that would have been a disaster in the current environment. Their concerns were also heightened by the current register which now is largely a retail stock since the instiuttions have abandoned, and they were concerned that if there was a protest vote the financing resolution was vulnerable - i.e. they believed that in this respect the shareholders may not have known what was in their best interests!!!
lol
BBP Price at posting:
10.0¢ Sentiment: ST Buy Disclosure: Held
