With any sale of the Arck there will have to be a vote by share holders, as I said before, the resolutions were passed at the last AGM with only one third of the total number of votes on issue. This makes a mockery of the system when two thirds of the share holders were not able to vote because their votes are held by a custodian. On a vote as important as the sale of the Arck. surely there must be something in the rules that says a majority of share holders must vote in order for the vote to legal. IE more than a certain %age of the total number of shares on issue, not the majority of votes shed at the meeting. Can anyone shed any light on this subject please. Thaks, retep.
LNC Price at posting:
99.5¢ Sentiment: Hold Disclosure: Held
