ranger,I'll love to know exactly what protections are in place...

ranger,

I'll love to know exactly what protections are in place for small shareholders once ECE controls 51% of the shareholder vote and also holds the majority (if not all) board seats.

One thing is for sure, we can't vote their directors out. We can't stop them paying themselves whatever they like. We can't make them proceed with mining. We can't stop them doing deals for finance that arn't in our best interests. If they decide that they want it to take 5 years before we begin mining we can't make them doing it faster. Quite simply they can do things that decimate our shareprice even further and we have absolutely no recourse if we don't vote this down now.

Remember our share price was 50% higher before this deal was hatched. What a masterstoke from management. In one proposal they wiped out a good chunk of the value of every shareholder and agreed to give away not only the majority of our company but also complete control over our future. Mark seems to have fotgotten whose company this is.

So please tell me what advice wikipedia has for shareholders who have just agreed to have over 51% of their company and the majority of board seats to a company who is regulated by a givt who in recent months have not only advocated to the restriction of supply but actually done so ? Do they have a section on that ?