GREY:WFEMF - Post by User
Comment by
kilgoron Aug 18, 2015 4:54pm
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Post# 24029374
RE:RE:RE:short takes on today's posts
RE:RE:RE:short takes on today's postsIf the vote was a definite yes, I don't think KSS would be calling registered shareholders. (BTW, they can only call those registered shareholder that agreed to have their personal information passed onto 3rd party companies. This question is generally asked when a trading account is opened).
KSS is asking shareholders if they voted, confirming how many shares they have, whether they are for or against the proposal, if they have any questions regarding the merger, and any comments they would like to make (which will be passed onto the CEO). So IMO, the vote is negative or very close to being negative, hence the reason for KSS being instructed to call.
So perhaps this is like one of those political elections in the middle of winter in North America. All the voters think the encumbant will win, hence they don't go out to vote because of they don't want to freeze their hind parts, but the few pissed-off voters who brave the cold, make their voice heard. This may be another reason why KSS is calling to get every voter out to vote which is based upon Almonty's assumption that most investors probably support the merger.
What would be a swift kick in the teeth is if the majority of shareholder are for the merger but most of them don't vote resulting in the merger failing. What might be the achiles heal is the news announcement from ISS causing retail shareholders to become complacent. That would be so ironic. Then again, most shareholder may be on vacation, which makes the decision to have the vote at the end of Aug a poor judgement call by Almonty....again that would be ronic.