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Voting - Resolution 8, page-3

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Whatsamadoovie

3,600 Posts.

684

24/10/16

17:16

Post #: 20082686
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Originally posted by F18FDG ↑

I thought this issue deserved its own thread as, frankly, it sticks out like dogs balls in the Notice of AGM.

A poster has raised relevant points about this notice already in a prior thread http://hotcopper.com.au/posts/20050862/single

Shareholders should read this notice carefully and note the resolution is a special resolution. For a special resolution to be passed, at least 75% of the votes cast by shareholders present and entitled to vote on Resolution 8 must be in favour of the resolution.

I expect the institutions will probably vote in favour as presumably they would get first bite of this cherry (should it ever be utilised) at the expense of smaller/retail holders. VLA has form in offering retail shareholders the crumbs off the insto's feasting table, or not at all.

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Has anyone tried contacting vla to ask the purpose of the special resolution??

I agree with the arguments put down by holders here. But what if we are missing something..

If vla did go to stage 3 on their own, or at least raised the capital to do so, wouldn't that put the fear of god into a potential buyer (takeover)??

I am just trying to understand the logic in their purpose..

Gltah

VLA Price at posting: $1.24 Sentiment: Buy Disclosure: Held
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