COURT MEETING18 Feb 2020 17:44
Great post by cityslicker1000. Please read:
"I am greatly heartened to see the strength and volume for a NO vote being expressed by PIs on this BB. I feel strongly too and have consequently contacted HL, my nominee, to investigate how I can maximise the value of my vote.
I have previously posted regarding the vulnerability of SXX to a loss at the Court Meeting at 11:00. Remember, one shareholder, one vote. This means that your individual vote at the meeting, even if you only hold a very few shares, counts as much as that of J curve, Jupiter, Polygon, etc., despite them holding their millions of shares. Remember also that it is a 50% vote by number of shareholders voting and there are many, many more of us than there are of them.
My call to HL was very instructive and they responded to my questions (through a very helpful young man called Dan) as follows;
1. If you do not take any action to acquire an individual vote for yourself at this meeting you will be included, along with several thousand others, in the single vote that they can register.
2. If you make a request to them, they will provide you with a letter that will allow you to vote as an individual in this meeting. Your vote is thus very powerful.
3. If you do not wish to attend the meeting, they will provide a Proxy to vote on your behalf.
4. If you wish to vote by proxy you will need to give them at least 5 days notice to make the necessary arrangements.
I was blown away when considering the opportunity that this proxy option offered. Thousands of voters who might have lost their influence can be enfranchised."
Your vote matter. Please follow the instructions above.
KOH
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