RE:AGM12.5M shares voted out of 63M and James got 7M. According to the NR approximately 1.3% of shareholders opposed the motions or 820k. Next year Care has their 15M shares and guess who they will be voting for? As for the RS the way I read the TSX rules a shareholder vote is a courtesy not a requirement. It was probably withdrawn so the company can do it with just TSX approval.
7. Security Consolidations 7.1 All security consolidations are subject to Exchange acceptance. In addition, the Exchange will require Shareholder approval for any security consolidation which, when combined with any other security consolidation conducted by the Issuer within the previous 24 months that was not approved by its Shareholders, would result in a cumulative consolidation ratio of greater than 10 to 1 over such 24 month period. It should be noted that even if the Exchange’s Shareholder approval requirement for a security consolidation is not applicable to a particular security consolidation, the Issuer may still be required to obtain Shareholder approval for the consolidation under applicable corporate laws.
If I were James I would probably be quite insulted for all the years of hard work he had done. I would do no more interviews, no more live QR's releases. Which are not required by the TSX and I would issue no more NR's or updates unless absolutely required by the TSX.
So congratulations to all no voters on a job not well done. But since I'm not James he can do as he pleases. I suggest all shareholders who voted yes email James and offer their congratulations and confidence.