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H.L. website is fairly easy, but you can only vote online on the website, not the app.
Once logged in, "Shareholders Meetings" is a link under the messages links on the right hand side of the screen.
Once in this, there is a list of shareholders meetings for your investments.
You can submit your votes for each meeting, and it will show you if you have submitted instructions.
I tried to find voting info on Velocys website but the only thing I found how superb the company is!
I guess I can go and vote in person on the day.
Morning folks,
Hold VLS shares through Interactive Investor. Had a call this morning from an organisation (whose name I forget) asking me if I was aware of the vote and the board’s recommendation to vote FOR the proposal. Didn’t tell them how I had voted (which I have - very easy through iI website link) and when I asked them for the purpose of the call it was the usual fluff and nonsense.
Just wondering if anyone else has had a call?
My telephone number was acquired through “public means” apparently but slightly curious as to how they know who I am and what shares I hold when they are held through a broker…..
For those of you struggling to find a voting link your broker should provide one which then takes you to a voting webpage. You might find it under ‘Corporate Actions’ or similar on the broker’s website.
H
I am with iWeb and I have been regularly logging onto my account to register my vote, but no option to do so has been made available to me.
I phoned them this morning and it appears that when I opened the online account a couple of months ago I hadn't advised the settings correctly in order to generate a notification to vote. However, they kindly took my vote over the phone (and changed my settings accordingly).
I only mention this in case anyone else finds themselves in a similar situation.
I voted against the takeover.
Sadly it's pretty futile to vote 'No'. Even if the company sale on these terms were voted down by enough private investors the likely result would be that the company would simply run out of money and the Directors would declare the business insolvant. At that point the Administrators would be called in and the company would be stripped of various assets and the remainder sold for peanuts to anyone interested in the IP. Under those circumstances current shareholders wouldn't even get the 0.25p currently on offer.
Best just accept it's over and move on. The vote will inevitably go through and you will get your 0.25p and the technology of Velosys will live on under new ownership. If you're still interested then you may get to buy shares in the reincarnation when they next decide to bring it back to the market. Hopefully the Directors at that time will be better skilled in building and scaling the opportunity.
You win some, you lose some.
Sorry Toneman but I think you are completely missing the point of why people are voting no. I’d suggest you reread some of the post.
Thanks Rainman. So I've read through all the posts and still can't work out what you think I'm missing. Seems like people genuinely wanting to try to stop the sale. Let me know. Happy to listen.
What date is the vote ??
Toneman- people own these shares out right - so they can vote in any manner they want. A lot of people do not have confidence in the board now and felt like they’ve been under minded and not represented fairly - as a result they are responding as such in their own right (and maybe just maybe there might be a small glimmer of hope)
Fair point Rainman, I think I already understood that from the comments I read. I've no intention of changing peoples mind regarding their vote. The only reason I posted what I did was to point out to some that they're not likely to get a better outcome than the current offer. I've been in this position several times and I haven't had one yet go any other way.
Counter point is that I think a 'No' vote would be interpreted by the BOD as a vote of confidence in them that people want them to continue - I think the BOD are really that self-centred as to interpret it that way.
I would rather see VLS go into insolvency and lose what little I have left than for Henrik Wareborn to continue in is position at VLS. These guys lined their pockets instead of putting the company and shareholders first. Now they have taken another opportunity to turn their backs on the shareholders and still get paid. That is why I voted no.
RIickSanchez: Well done. Wish all shareholders did the same.
You would have thought that our dear (sic!) CEO, as a member of the Jet Zero committee and the recipient of the winning grant of £27 million (which the company, for reasons never disclosed, failed to find matched funding) from HMG, would have made a few useful contacts that could have helped with regard to the current situation. Instead we get total silence from the Velocys PR team, and a fait accompli takeover bid for peanuts, which both the Board members and Ervington have been forced to back if any alternative bid is made. As I recall, Ervington ducked out of the last two fund raises, so I would guess that their 300 million shares would have cost north of 10p each which equates to a loss of around £30 million on their investment. We can essentially ignore the directors' holding, but the Ervington one, had it been cast the other way, would have made the takeover virtually impossible if you add in the hostility of the PIs (75% majority required). So why would they do it - after all, they only stand to get £750K back on their investment. Anyone have any thoughts.