Share Ownership As of February 11, 2016, Raymond James listed the following for owning over 1% of Integra Stock
Eldorado Gold Corp. 59,825,977 12.3%
Van Eck 34,178,875 7.0%
Maxwell Monday 32,850,000 6.6%
Pinetree Capital 13,500,000 2.8%
1832am 11,293,500 2.3%
Others 334,876,648 68.8%
Total 486,525,000 100.0%
Those owning less than 1% of the stock account for most of the stock. When you take out Eldorado, it looks like this:
Van Eck 34,178,875 7.0%
Maxwell Monday 32,850,000 6.6%
Pinetree Capital 13,500,000 3.2%
1832am 11,293,500 2.6%
Others 334,876,648 80.6%
Total 426,699,902 100.0%
Of course a lot could have changed since Feb 11. The above could have sold on the news or bought more stock, but the above shows that most of voting stock (over 80%) is owned by those with less than 1%. You have to figure that Integra got support from the top five shareholders before they signed the deal but who knows what those top shareholders think of 96 cents a share? The top shareholders might not vote until the July 4 meeting hoping that Eldorado’s stock price goes back up to around $5.
Anyway, we need 213,349,951 shares to vote no.