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+--- Thread: 91% YES - Only the votes at the meeting? (/showthread.php?tid=11754)
91% YES - Only the votes at the meeting? - Stavros - 02-15-2017
For what it's worth, it seems to me (and others I've spoken to) that the 91% YES tally only reflects the meeting itself and does not include the proxy voting.
Let's see what they say next.
RE: 91% YES - Only the votes at the meeting? - oliver.gump - 02-15-2017
'Stavros' pid='79413' datel Wrote:For what it's worth, it seems to me (and others I've spoken to) that the 91% YES tally only reflects the meeting itself and does not include the proxy voting.
Let's see what they say next.
On the face of it, and knowing who I know voted NO, including myself, I am inclined to agree.
RE: 91% YES - Only the votes at the meeting? - johnwgrant - 02-15-2017
They could NOT possibly be so foolish as to put out a press release that was materially misleading on something this closely watched!!!
The 91% has to include everyone that voted - by proxy before the meeting and at the meeting. Otherwise, they would be asking for grief from the SEC...
JMHO
RE: 91% YES - Only the votes at the meeting? - Stavros - 02-15-2017
(02-15-2017, 11:45 AM)johnwgrant Wrote: They could NOT possibly be so foolish as to put out a press release that was materially misleading on something this closely watched!!! The 91% has to include everyone that voted - by proxy before the meeting and at the meeting. Otherwise, they would be asking for grief from the SEC... JMHO
The PR was not materially misleading. It is double speak, plain and simple:
QUOTE
Singapore and Port Moresby, February 14, 2017:
Singapore and Port Moresby, February 14, 2017:
InterOil Corporation (NYSE: IOC, POMSox: IOC) today announced that shareholders overwhelmingly approved the transaction with Exxon Mobil Corporation (NYSE: XOM) (“ExxonMobil” ) at the Special Meeting held today.
More than 91% of the votes cast were in favor of the proposed transaction, an even greater percentage than the 80% that previously voted to approve the original transaction at a Special Meeting on September 21, 2016.
As stated in the management information circular related to the transaction, the court hearing in which InterOil is seeking a final order with respect to the Amended and Restated Plan of Arrangement is currently scheduled for February 20, 2017.
More than 91% of the votes cast were in favor of the proposed transaction, an even greater percentage than the 80% that previously voted to approve the original transaction at a Special Meeting on September 21, 2016.
As stated in the management information circular related to the transaction, the court hearing in which InterOil is seeking a final order with respect to the Amended and Restated Plan of Arrangement is currently scheduled for February 20, 2017.
END QUOTE
This implies that the court hearing date of February 20 (as mentioned in the MIC) may in fact not actually take place on the 20th = = > hopefully because they're now scrambling to decide what to do.
RE: 91% YES - Only the votes at the meeting? - katytrader - 02-15-2017
'Stavros' pid='79416' datel Wrote:
'johnwgrant' pid='79415' datel Wrote:They could NOT possibly be so foolish as to put out a press release that was materially misleading on something this closely watched!!! The 91% has to include everyone that voted - by proxy before the meeting and at the meeting. Otherwise, they would be asking for grief from the SEC... JMHOThe PR was not materially misleading. It is double speak, plain and simple:
QUOTE
Singapore and Port Moresby, February 14, 2017:InterOil Corporation (NYSE: IOC, POMSox: IOC) today announced that shareholders overwhelmingly approved the transaction with Exxon Mobil Corporation (NYSE: XOM) (“ExxonMobil” ) at the Special Meeting held today.
More than 91% of the votes cast were in favor of the proposed transaction, an even greater percentage than the 80% that previously voted to approve the original transaction at a Special Meeting on September 21, 2016.
As stated in the management information circular related to the transaction, the court hearing in which InterOil is seeking a final order with respect to the Amended and Restated Plan of Arrangement is currently scheduled for February 20, 2017.END QUOTEThis implies that the court hearing date of February 20 (as mentioned in the MIC) may in fact not actually take place on the 20th = = > hopefully because they're now scrambling to decide what to do.
One might hope, but the statement is appropriate because IOC does not control the Court calendar.