Nothing better than having a morning coffee and looking over HotCopper posts on FMS, it brightens my day.
I have to admit I cannot see what the basis for a legal action is but never let that get in the road of spending good money with the legal fraternity to chase a cause one believes in, just glad it is not my money.
Here is a conspiracy theory you might like to consider and if this DID occur then you might have cause for a legal action...
If the vote split is tight and somewhere amongst the yes voters / dealmakers and interested parties in the current vote come to the realisation that to secure a yes vote so they get what they want they needed to sure things up. So someone makes a quiet commitment to issue a future granting of a 15% private placement after the dust has settled to a major "vote eligible" shareholder to secure their vote of yes now and some other offshore party indicated they would fund the exercising of that 15% placement in the future so not to financially burden that major "vote eligible" shareholder. Loyalties run deep for some communities and money talks for many.
Not the cleanest or most ethical approach but it is a legitimate strategy and is not out of the realm of possibility if that major "vote eligible" shareholder was persuadable. It has been done before.
Cheers.
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