AGM must be held before 30th November.
Scenario 1a:
- AGM held pre K2 results
- Remuneration report voted up, status quo continues
Scenario 1b:
- AGM held pre K2 results
- Remuneration report voted down, next step EGM (post K2 results)
- K2 results good, shareholders happy, Board relected at EGM
- K2 results bad, shareholders unhappy, Board toppled at EGM
Scenario 2a:
- AGM held post K2 result
- K2 results good, shareholders happy
- Remuneration report voted up, status quo continues
Scenario 2b:
- AGM held post K2 result
- K2 results bad, shareholders unhappy
- Rem report voted down, next step EGM
- Board toppled at EGM (before KW result)
I agree the board needed to be seen to be doing something positive ahead of the AGM to avoid getting toppled. By positive I mean responding to Instros (& shorts (um buyers) sub $3.50) wanting buy back, a farm out in Brazil should also be enough to carry them over the line if they think 20 million shorts really represents a building protest vote. As an investor, if you didn't believe in K2, you may as well bail now.
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AGM must be held before 30th November. Scenario 1a: - AGM held...
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