RE: ADME28 Jun 2019 20:10
PPS If and when "further details of the voting" are published (e.g. exact number of votes cast 'for' and 'against' the resolutions, particularly 2-4 which were not passed) then people may be able to make a more informed assessment of what may have happened there, and how it might have come about.
Obviously, we know who the major shareholders in MX Oil were/ADM Energy are; and how many votes they appear to have had at the time of the ballot.
Speaking purely hypothetically however, it's worth bearing in mind that if and when the exact number of votes cast are published by ADM Energy, that could turn out - potentially - to be unusually sensitive; as people then may (based on the figures) try and guess or speculate whether any of the major shareholders voted against resolutions 2-4; and why, if they did, why they might have done so.
I doubt very much whether ADM Energy could or would reveal whether any major shareholders voted against resolutions 2-4.
However, obviously ADM Energy's new President is a very major shareholder; so you can see why publication of the voting results, and managing shareholder reaction, assessment and perception of them might potentially be being viewed as an unusually sensitive matter. Diplomatic treatment, reputational protection & perception, sensitivity and protocol deference to ADM Energy's esteemed new Royal President will probably be an issue and a factor now at MX Oil turned ADM Energy; including amongst it's shareholders. [There will probably have been negligible red carpet treatment for MX Oil's old BOD; things will be different now for the Sheikh, and whoever his BOD appointee, if any, may be!]
Thus, MX Oil turned ADM Energy may not now be in any particular rush to publish the exact voting results, in terms of precise number of votes cast for and against the resolutions. Even though they did say on 7 June that they would shortly make available "further details of the voting..."
There have been a number of comments on bulletin boards suggesting that major investors may have voted down resolutions 2-4.
I don't know if major investors did or not.
But publication of the exact number of votes cast for and against resolutions 2-4 could further fuel uncertainty and speculation.
It's clear from reading bulletin boards, many apparent, professed shareholders are unhappy at the substantial drop in the share price since the General Meeting, when resolutions 2-4 were voted down.
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