EATROUT71715 Jul 2013 10:51
they will vote yes... i said earlier post if they dont they will get no cash
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preference shareholders will pass everthing otherwise they get nothing...
If the Proposed Amendment is not approved at the Class Meeting
If the Special Redemption Resolution is not approved at the Class Meeting, the Directors believe that the Company will be unable to raise additional funding to implement its Investing Policy and provide funds for working capital purposes. In this case, the Directors believe they would have no alternative other than to propose to Shareholders at the 2013 AGM that the Company be wound up. If the Company is wound up Preference Shareholders will be highly unlikely to receive any return on their Preference Shares because the Company’s outstanding liabilities, as at the date of this document, and anticipated expenditure that would necessarily be incurred up to and including the winding up of the Company exceed the Company’s available cash balances.
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