Interesting question to be answered...If the transaction is approved, David McDonald will receive 343,750 shares of Terranueva in consideration of his contract with Axe.
If the transaction is refused, he will receive 361,300.$ from Axe because of his contract. If he invests that money directly in Terranueva with the same conditions of the private placement, that is 0.50 cents, he will receive 722,600 shares.
If I was David McDonald, I would prefer the second scenario. Strangely enough, it seems that Manakai, Desperado and investor4real are working to give David McDonald a big Christmas gift while destroying shareholder's Axe investment.
Conclusion : the apparent ennemies of the transaction might be David McDonald's best friends !!!