444,456,141 common shares outstanding and eligable to vote!
posted on
Sep 06, 2011 11:32PM
Fellow shareholders of stockigloo, agoracom and stockhouse, these are the figures to the best of my knowledge that are able to vote..
The breakdown.
1) 444,456,141 common shares owned by all shareholders including Finskiy.
2) Finskiy owned shares are 111,913,235
3) I'm going to use 150,000,000 as the figure that may not turn out to vote. I'am using the example from the annual meeting when only 292,531,152 common shares voted from the total 435,655,651 that was eligible to vote. That was a petty 67.15%
4)So now we can take the original 444,456,141-150,000,000 shares which may not vote(remember this is not a guarantee just am estimate). We come to a total figure of 294,456,141
7) The rules clearly state if you don't vote, its not counted. So then the rules continue and state that in order for this merger to go through you will need a minimum of at least 66-2/3% of common shares voted in person or by proxy.
8) 66-2/3% of 294,456,141=196,107,789
9) Next we will use 196,107,789-111,913,235=84,194,527
10) So there you have it folks. This number is by no means a guarantee of what finskiy/scola will need to defeat the merger. It is a round number that may be in the vicinity.
***THE REASON I POST THESE FIGURES ARE FOR THE SIMPLE REASON THAT IF MY 150,000,000 TARGET OF NON VOTERS DECREASES, IT MAKES FINSKIY'S PLAN AT THE SAME TIME PLUMMET! THIS IS THE REASON WHY EVERYONE INCLUDING OUR BEHIND THE SCENES CONCERNED SHAREHOLDERS TEAM IS URGING US TO VOTE. THIS MERGER CAN AND WILL BE DEFEATED IF EVERYONE SHOWS UP TO VOTE.