...... The resolution on the QA must be approved by a majority in number of shareholders representing at least 75% of the total value of shares held by all shareholders present and voting either in person or by proxy at an EGM. Where the QA comprises more than one (1) acquisition, each acquisition must be approved by the shareholders of the SPAC in the same manner......
So please understand this, if you don't attend or you don't submit your proxy form, your share is not counted in the voting. If you wanted to sail thru with the company on this venture, do attend and vote in favour or if you cant attend, do sent in your proxy form.
As a small investor, I believe it is a good asset and this is the best time to buy the asset when the oil price is low. What is the possibility of the oil price to drop further? I think it is very low possibility but only God know. When the oil price goes up, you will get your rewards.
Stock: [SONA]: SONA PETROLEUM BHD
2016-03-15 22:59 | Report Abuse
This is from Sona website
4. Qualifying acquisition
......
The resolution on the QA must be approved by a majority in number of shareholders representing at least 75% of the total value of shares held by all shareholders present and voting either in person or by proxy at an EGM. Where the QA comprises more than one (1) acquisition, each acquisition must be approved by the shareholders of the SPAC in the same manner......
So please understand this, if you don't attend or you don't submit your proxy form, your share is not counted in the voting. If you wanted to sail thru with the company on this venture, do attend and vote in favour or if you cant attend, do sent in your proxy form.
As a small investor, I believe it is a good asset and this is the best time to buy the asset when the oil price is low. What is the possibility of the oil price to drop further? I think it is very low possibility but only God know. When the oil price goes up, you will get your rewards.