The numbersaccording to DEV:
Randhawa said it is unfair to paint him as someone who doesn’t care about shareholders, noting he is Fission’s biggest non-institutional shareholder. He also said that if the Denison merger was such a bad idea, it wouldn’t have received so much support. “If we got 40 per cent (of the vote), I’d have to ask if management was out of touch. But we got over 50,” he said in an interview.
So 80 percent of the shares are retail 20 are institutional.
Say 55 % voted yes that means 45 % voted no.
now out of the 55% less 20 for the institutional leaves 35 Percent. Now i dont know how many shares are owned by management but even if we said 15 percent.. that leaves 20 percent of the shares owned by the retail investor that voted yes.... and 45 % voted no...
ummmmm.... at the end of the day, there was a huge retail market against the deal.