CLIFFHANGER: Too close to call Take the top seven Baja shareholders (includes SEDI, mutual funds, institutions) and you get 214.8 millions shares representing 63.4% of the issued shares. Here is the current breakdown listed on the basis that MK will get both Mouat's and JP Morgan's shares:
Mount Kellett 67.4 million shares = 19.9% of issued shares
JP Morgan 27.8 million shares = 8.2% of issued shares
Robert Mouat 11.8 million shares = 3.5% of issued shares
Total 107.0 million shares = 31.6% of issued shares
Manulife 50.0 million shares = 14.8%
Louis Dreyfus 36.0 million shares = 10.6%
Endeavour Mining 12.2 million shares = 3.6%
Universal-Invest. 9.6 million shares = 2.8%
Total 107.8 million shares = 31.8% of issued shares
With the top seven shareholders having an aggregate of 63.4% of the issued and outstanding Baja common shares, that leaves only 36.6% for all other shareholders.There is a way to put a positive spin on the above. Assuming that I have placed the above seven in the correct camp, this exercise is a wash. It ends in a dead heat. Which side wins then comes down to the retail shareholders. Perhaps this is the result of Divine Intervention. The good Lord truly works in mysterious ways.
Time to start praying. That includes all atheists and agnostic retail shareholders!
Signed,
Anonymous.