The unknown factor is that even if he DOES put them back on the resolutions at the AGM, there is no guarantee of anything.
The whole vote in future is in the hands of Global investments placees, Z Vohra, Titan Bay and Kent Finance.
We've had no change in substantial holder notices, so these are the three designated to hang on and keep control over the feral shareholders, and ensure the company is run how they (Global / MJ / Tarkanyi?) WANT it to be run.
They voted the options down at the EGM as a block, and they can vote anything in or out that they want to with that many shares.
So Smyth can make out he's doing the right thing and putting them back on the agenda as a new resolution, but this time, we won't take it as given.
At the EGM, the shareholders weren't against the resolution, and the company put the resolution forward, so it SHOULD have passed easily, but the big substantial holders said 'no'.......... Don't take anything for granted any more.
Pumps - been waiting for your entry post into the CVI forum so we can let you in.
CVI Price at posting:
0.8¢ Sentiment: None Disclosure: Held
