RE:66% vote requiredInthepeg wrote: It takes a vote of 66% + of MOZ share holders to accept and approve this deal.
Given retail shareholders held approx 50% of shares we may still have a chance with our no votes to stop the give away and maybe sweeten the pot.
As much as this deal was terrible - you cannot reverse half the damage. They diluted it at 60 cents (some pre takeover "super sale") to probably finish the build. They'd have to pay $17.5M and again have to raise funds - with CXB now owning 15%. And worst of all, still with the same clowns at the helm. It would seem no one else is interested in MOZ. At least another offer would have caused CXB to probably raise their bid.
So how would you expect to salvage this situation with a No vote?
I'd vote No on principle but would not want to contribute to a No outcome. The damage has been done. CXB is the only (albeit risky) way for most old shareholders to see green. A major taking MOZ out at such low prices, unless gold went to the sky (and still CXB would rise equally if not more), you'd never see green as VL would be nothing in the big picture of the major.
I agree with the guy who has his caps button stuck
tC