I've been saying it for the longest time. The company can easily issue just one of their unissued 'blank check' preferred shares and they will win the vote. However they did not issue it before 27 May so it does not count. This is one of the many signs that they do not want the proposals to go through.
Normally there's a "control block" of preferred shares with super voting rights buuuuuuuuuut if memory serves renee or another vet said they couldn't find any such preferred shares in SYSX fins k.
So the only way for them to initiate any changes to the share structure is via the proxy vote path k brother.
I'm sure they do have enough votes to approve the r/s on monday regardless just based on how many shares Bigger and others already have though...but we'll soon see.
Baffling how the CEO remains silent on the overdue Ostendo closing however...especially with the reverse split vote now only 2 and a half trading days away right!
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