Are we seriously being asked to approve being offered a higher...

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lilgem

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10/08/22

11:15

Post #: 63029125
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Originally posted by poorinvestor: ↑

I had voted no when there was only 1 resolution to vote on and have just gone to the Automic site to vote on the additional resolution.

As I see it the first resolution clearly states that it is to agree to altering the offer. It is titled “Amending Resolution” and it says that it is to authorise ResApp “to agree to such alterations”. So the Court/law requires ResApp to get us to agree to the change from 14.5c to 20.8 c.

As AlCp has pointed out the first change from 11.5c to 14.5c didn’t go to the Court so it wasn’t necessary to have the additional resolution for us to vote on. So the last offer, at 14.5c, was the only one that had been approved by the Court and consequently the only one that now requires our approval to change.

As I see it the Court is saying they have agreed to something on our behalf so if RAP wants to change that they will have to get us to agree to it.

When I went to the site I found that my previous single no vote had resulted in a no vote also being recorded for the new resolution (see attached). Which would mean I was not approving the change from 14.5c to the 20.8c. So I have changed that to a YES for the 1st resolution and retained my NO for the 2nd.

As Taurean7 has pointed out there is negligible chance that a rejection of the change from 14.5c to 20.8c will get up so it probably won’t matter whether or not you change your current automatically recorded rejection of the increase in price but at the same time if you don’t alter this first vote you will be recorded as voting against the increase in price.

poorinvestor

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Are we seriously being asked to approve being offered a higher amount for our shares after the court has approved it on our behalf? Is Pfizer saying "hey RAP shareholders, is it ok if we offer you a few more crumbs for your shares? We know it's still a crappy, measly amount. The courts have said it's ok and your bod think it's amazing, but we really need you to say it's ok". Really? Is this the situation??

RAP Price at posting: 19.0¢ Sentiment: Hold Disclosure: Held
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Are we seriously being asked to approve being offered a higher...

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