-Todays trading - 7.5 million shares traded in first 10 minutes of opening. 3.2 million shares traded after closing bell. That is 10.7 million traded out of 13.1 million traded all day. 82%.
Case in point TWO - Ownership vs Control
It was very important apparently to the new merged company that the current non existent Chairman of the Board or any future chairman NOT have a deciding vote in case of future board deadlocks. The resolution/s are to fail automatically. Why & who confirmed?
August 2024 Corp Gov Statement
November 2024 - Proposed merger details (fine print):
note 2 reads -->> Sayona shareholders are voting to consider removing the casting vote of the Sayona chairman at board meetings at the Annual General Meeting to be held on Thursday, 28 November 2024. If the Sayona constitution continues to provide the chairman with a casting vote on board resolutions, the chairman has confirmed to Sayona that such casting vote shall not, at any point in time, be exercised.
SYA Price at posting:
1.8¢ Sentiment: Hold Disclosure: Held
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