Exactly.
They obviously dont trust their own BOD and instead trust some so called independent experts' idea of valuation and are clinging to that for life.
They fail to recognise that the crux of the deal is not money related, it is equity based. Not a cent will pass hands in this deal. Only shares will be converted.
As far as the 50% condition goes, I note from the booklet, any share holding that has more than one name (shared with wife for example), only 1 will be recognised as the voter not 2. The first one named on the register recognised but the whole number of shares counted towards the vote (the 75% part)
MIN lithuim ore reserve update. CE on UG potential, page-50
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|---|---|---|
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