GREY:ALXDF - Post by User
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Galley1on May 24, 2018 7:16pm
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Post# 28078317
RE:RE:RE:Follow up from Founder's Group
RE:RE:RE:Follow up from Founder's GroupProbably a stupid question, but is it safe to assume that warrants have to excercised before they could be used in the upcoming vote? If so, do you think ES will excercise his 33M warrants prior to the May 28 shareholders of record date? This would definitely inject some much needed cash flow into AZX.
goldhunter11 wrote: mikenooks,
The founders group has no voting power whatsoever compared to some numbers listed below.
- From their website Owen has 1.77Ms (I would expect a much larger holding with his many years, over 10 years?, at the helm...may be he just wanted to collect cash payment)
- the 3 new nominees (Hopkins, Mellon and Sutherland) have zero shares, i.e. no skin in AZX.
- AZX United has ~57 Ms (6 of the magor holders in our group has over 3Ms each).
- ES has over 66 Ms if all 33Mwts are exercised
- AEM has ~38 Ms
It would seem that ES and AEM voted against EO before (that's why he was removed as CEO)... and I suspect that not many of our AZX United members would be so thrilled to go along with EO to dilute AZX further to have a share count to the tune of ~1B shares, so that he can continue the same sheme that he has practiced so well during the last 10 years?
GH
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mikenooks wrote: I could be repeating comments, such is life (and I apologise).
The founders group can go fly at kite. EO had his chance and he decided to live life on the hog instead of conserving cash. As a consequence - he is the only one to blame for 480 millon shares (580.7 mil fully diluted).
The founders group should except defeat and move along. But perhaps the final vote will be the indcator EO needs to stick his tail in between his legs and except that he has zero credibility moving forward...