CDU 0.00% 23.5¢ cudeco limited

Shareholders Move to Vote against Chinese Directors, page-38

  1. 9,079 Posts.
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    If your correct about the 55%, and I think you might be, then it doesn't matter which way the group votes on any issue. However if they all vote as a block either in favor or against resolutions, it will give Nev's mob ammunition about them acting in concert and could end up back with the T/O panel. Their ruling actually mentioned voting as a block.
    So the group should concentrate on other means of changing the board, like I mentioned about how re-nominating a person that has not attended any meetings really is against company policy, so they should bring it up as a point of order, prior to any voting.

    On resolution 6 though, is giving shares to another shelf company at say 80c any worse than taking the current rights issue to the market? IMO no it isn't as I expect the issue to be a massive failure without an underwriter, yet if all those organizations you mentioned took up their full allotments then they will be 60-65%+ of total votes anyway.
 
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