OTCPK:NWKRF - Post by User
Post by
Bigbaboonon Apr 03, 2019 8:54am
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Post# 29574817
Lock-up agreements and abstentions
Lock-up agreements and abstentionsGiven that abstentions will not be accountd for, its interesting to see the impact on the lock up agreements.
for example, at the moment, 29% of the float is lockedup in favour of the merger. If the abstention ratio is 25%, the weight of the lockups rises to 39%. So for the deal to pass the first majority, we need approximately an extra 1 yes every 4 votes give or take (39% + 25% = 64%). That’s why I think its a done deal and that retail vote won’t matter, whatever their view on HIP ‘s value is.