yes, absolutely right that just depends on how many vote NO. but...

yes, absolutely right that just depends on how many vote NO.
but of course, MBL, and anyone associated with them, cannot vote in the Scheme.
Thus, the more shares MBL acquire on market, or via R/I, means less shares held by non-MBL, but it also means the more powerful the voting block of non-MBL shareholders.
Intriguing.
all speculation I guess.
there is and was, a similar situation recently with FMS (Flinders Mines).
Todd have tried to t/o to grab FMS.
Now Todd have got control of over 50%, and reconstituted the board.
Todd are calling the shots.
Minority s/h are hanging out.
so many similarities
I have no doubt that MBL will be back in not too distant future.