* 70% of shareholders (by number of shares) turned out to vote at the AGM.
* Roughly two-thirds (by number of shares) voted for board-endorsed directors & against Cong’s poor MMGA puppets.
* 7 out of 8 entities/individuals who voted at the AGM voted for board-endorsed directors & against MMGA.
* 43% of the total AVZ share register - owners who have a $1.2billion interest in AVZ’s success - voted in favour of the 5 successful board-endorsed director nominees. They voted in support of the current direction of the Board, who are using all legal means to protect the interests of AVZ shareholders against the actions of unlawful & corrupt aggressors.
The point is - the Board has overwhelming shareholder support to keep fighting the good fight. The interest on a $20million loan or a $200k break-fee is peanuts when set alongside the $1.2billion invested by those who support the Board.
As someone with no skin in the game, I get how you don’t get it. Investors, OWNERS with an actual & real interest in AVZ’s success, will not throw in the towel so near to the end of this fight. If a little extra coin needs to be found, it will be found.
AVZ Price at posting:
78.0¢ Sentiment: Buy Disclosure: Held
