Votes in companies like this generally always get up at AGM’s due to the large number of insiders and related parties on the register. Only around 25% of the register voted at the AGM as most retail investors generally don’t bother sending in their vote.
Shareholders here are pretty much in uncharted waters fighting a delisting in these circumstances. It may lead nowhere but it is better than doing nothing. By joining forces, it shows the ASX that they aren’t just dealing with one or two disgruntled shareholders, they are dealing with a group representing 10%+ of the register.
Plenty of shareholders of other questionable companies are watching this one with interest to see how it plays out.
HDY Price at posting:
0.4¢ Sentiment: None Disclosure: Not Held
