just running the calculator over that, you'd hypothetically only need about 3.8mil KZL shares to effectively be a top 20 shareholder in GGY on an in-specie distribution.
it seems the top 8 KZL holders have more interest in GGY than 80% of actual GGY shareholders. (80% because KZL make up 20% of the top 20's 35% holding)
that wouldn't sit well with me if i was a GGY holder.
vote yes or no, page-21
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