QMN 0.00% 16.8¢ queensland mining corporation limited

"I think with the way things are going right now, i wont be...

  1. 24,386 Posts.
    lightbulb Created with Sketch. 176
    "I think with the way things are going right now, i wont be surprised if they do manage to get the 75% support."

    Don't forget that, should the 75% be required to achieve what you are suggesting, the 75% is only based on the amount of voted shares at the time. Not on the whole amount of shares on issue.

    As it is normally the case, usually only a small amount of shareholders make use of their voting rights at anytime.

    So, if say only 25% or 35% of the total investors will decide to vote, and take the time to do so, it would only take 75% of those voted shares to determine the end result.

    A very frightnening thought IMO.
 
watchlist Created with Sketch. Add QMN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.