For once ur got my gist, contrary to the most of the crap that MCB has presented in his letter!
I mentioned in my previous posts that that the success of the demerger is unlikely to happen because of the advantages afford to larger investor’s by the dodgy poll voting method….thus the result may not need to be based on merit!
Out off approx 144,000 shareholders who are eligible to vote only approx 7100 will possible participate in voting. Out of the 7100 that are likely to vote, a little over 100 shareholders will decide the demerger outcome consisting of the T20 and other larger shareholders.
When the T20 holds 53% of the share, 25% should be a be an easy target achieve!
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(20min delay)