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groundzero

29,310 Posts.

80

10/11/15

13:14

Post #: 16361263
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Originally posted by Nijiman ↑

Hey GZ,

I think it doubtful that there is any sort of agenda going on to take control. There are quite a few large holders. Most of whom imo would not be swayed by a good story from someone looking to contol the board. They would want to see something a lot more concrete. Hey if mark Bennet turned up with any sort of story then he's got my vote

I think that resolution 7 relating to Lynda's potential termination benefit has more to do with the concern of the proxy advisors " of a lack of a sustainable long term strategy for remunerating executives " Its also the treatment of the proposed Incentive Options they are concerned about.

Nothing is going to come to a halt. Once a 2nd strike has occured a spill motion then has to be passed. That requires a 50% vote of eligble votes at that meeting. Otherwise the existing board stays put. Now what do you think the chances are of getting a 50% spill vote ! I would say little chance. Could be the directors are more concerned with how it looks for them to get a 2nd strike. Rather than they are about the remote prospect of losing their jobs.

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" Now what do you think the chances are of getting a 50% spill vote ! I would say little chance. "

It HAS happened before, Niji. I guess it would depend on the oratory and promises at the spill motion. Sellers of Disallowed will exist as long as snakes do..

GZ

SRI Price at posting: 3.2¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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