Alf: Liben 444M would have wiped out none of YA shares.
Depending on the transaction, the beneficially owned shares don't have to be converted. So if you buy the 5B limited voting scenario, Liben took in-kind shares with potentially no voting power just before the votable shares were counted.
Riiiiight.
“It ain’t so much the things we don’t know that get us into trouble. It’s the things we know that just ain’t so.” Henry Wheeler Shaw