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clock Created with Sketch. 30/06/17
14:46
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Originally posted by haasko
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We now see that slightly more than 2 out of 3 shareholders who cared enough to participate actually voted slightly over two thirds of the votes cast in favour of the boards recommendation of the SoA. The fact that the SoA failed has nothing to do with democracy, simply the rules associated with SoA's which require a 75% pass vote. Democracy for good or bad is the situation where the entire country can be governed for 3 years by a crowd with typically 51 or 52% of the overall vote count. With an SoA, the outcome can readily highjacked by a minority core, but thems are the rules. However a 67% vote in favour clearly constitutes a solid vote of confidence in the current board. I would remark also that the address from the Chair following the vote carried an admirably positive message, delivered with a restraint sadly lacking in the postings of the critics.
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Mate....if MB want to steal the company for a song...you know it is valuable. As bad as Kasbah resources who almost got closed down by PALA fund. Who will ultimately control the company anyway.
(20min delay)