@Gareth3h had a running tally
https://hotcopper.com.au/threads/new-how-to-vote-page.6889227/page-30?post_id=63088211
https://hotcopper.com.au/threads/new-how-to-vote-page.6889227/page-104?get_post=true
Summary of Total Shares
Top 20 558,416,650
Remaining Holders 830,001,572
Total Shares 1,388,418,222
FOR
RUNNING TOTAL142,322,425 10.25%
With a further update to 146M then I counted about 3M more following this.
Coupled with the requisitioning members 122,494,092, 8.82% :
https://hotcopper.com.au/threads/new-how-to-vote-page.6889227/page-38?get_post=true
Plus one of the other substantial holders who made mention of a board change on a linked in post :
17,201,237 1.24%
This would bring the total FOR votes to a round about figure of 149+122.5+17.2 = 288.2M
288.2M / 1,338M = 21.5%
Other major holders =
Vimson on 7.97%
Deutsche Balaton with a combined 12.28%
Aosu with 4.05%
SMS Investments with 1.06%
The remaining are below 1%.
This is combined 25.36%.
So if they don't vote/abstain this leaves 53.14% remaining of small holders (100%-25.36%-21.5%) & if they all vote, would require a large majority to fall in the AGAINST column - they've got to make up the 21.5% then a majority of the remaining number 31.64% - IOW 15.82 + 21.5 of 53.14 or around 70% of the remaining votes if EVERYONE else votes.
I did read somewhere that the expectation with this type of 209D is that only 60-70% would vote & only those who return the voting sheet are counted in the mix. IOW 53.14% becomes 23.14% at 70% or 13.14% at 60% which if the numbers above hold & the major holders abstain, then this is going to be a high to next to impossible bar for the current BOD to win.
Any of the major holders could tip the scales in favor of the requisitioning members overwhelmingly & end this today if they so wished, however my understanding is that there are rules that kick into play if they do - so I'm also assuming they are going to abstain, IMO, it is certainly erring in favour of the requisitioning members.
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