about to explode!, page-7

have no shares in OIP, but have some in ESG.
So read the announcement of the merger, and thought "gee, those assets of GGX don't sound like much - what's going on? Gee, GGX must be a cashbox?".
SO had a look at the latest GGX Qtrly Report - but no - i think they only had a bit over $1 million!

So if I were a s/h in OIP, I would be wondering why the heck OIP would want permits in France, or in Phillipines? The only asset I can see of any remote interest is a share in permit in WA.

Exactly what is GGX bringing to the table, one might ask?

And the problem with it is, that whilst the OIP s/h get to vote, it will have cost OIP maybe a $1m just to get to hear the s/h vote it down!

It will be interesting for OIP s/h to determine exactly which directors, and which s/h of OIP, can actually vote on the proposal. Anyone associated with GGX cannot vote in the OIP meeting.

Remember, that because it is a Scheme of Arrangement, that they have to get the approval of 75% of shares voted, and 50% of s/holders voting.

So if some s/h and directors are excluded from the vote, then you smaller s/h have a much bigger voice.

cheers