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Re: Black-Ops post# 175627

Saturday, 07/24/2021 12:32:28 PM

Saturday, July 24, 2021 12:32:28 PM

Post# of 232966
If I own 1000 shares and vote yes, and a group of 100 shareholders have 11 shares each and vote NO, I am thinking the NO wins.

The CNBC article says the activist group has 7.68% ownership. Suppose them and their supporters own 35%, and the owners of the remaining 65% all vote for current management, then in my logic, the latter should win since all together they own more of the company. Prorating should not make a 35% ownership somehow win the vote.
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