Post by
romara on Oct 31, 2022 3:16pm
Management Percentage of Shares Outstanding
Management including Directors control 63,320,700 shares, with 326,656,700 shares outstanding, as per the Management Information Circular dated October 18, 2022
This gives them a total of 19.3845% of the shares outstanding.
Now if 100 million shares are voted at the AGM, they would have a percentage of 63.3207% without any further votes backing management. They would just need 3,349,300 open shares to get to 66.67%.
We would need a total of 33,330,000 voting shares to overturn their proposal
Just my thoughts...... Richard