RE:What would happen if shares got consolidated?I own both as well. Simply put right now there is no difference regarding the economics of the business which is what I care about. The family would still be a controlling shareholder after. My voting shares don't have as much liquidity as my non voting shares.
I honestly don't see this resolution passing any time soon. Minority shareholders have rights. Non voting shareholders are not allowed to attend annual meetings. They are outsiders.
Insider "Hey small minority non voting shareholder would you be interested in getting a vote for your shares by making my illiquid voting shares equal to 1.5 of your shares?"
Outsider "No thanks. I haven't got a lot of shares so the voting rights are worth almost nothing to me. Insider you gain liquidity so you should pay me a premium for that right."
If voting insiders want outsiders to play along then keep the economics the same and do a 1 for 1.