fairgopat,yep the delay to the EGM is a farce. it is designed so...

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  1. 6,942 Posts.
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    fairgopat,
    yep the delay to the EGM is a farce. it is designed so that the dorectors of OIP can say to the Court - "see we gave the s/h extra time to assess the OXX offer".

    fairgopat- in my experience, if you really want to get your message out to OIP s/h, then you could mail them information yourself. if you rely on ASIC or ASX, then give up now, because they will do nothing.
    If there are 1354 s/h, then it will cost you $745 in postage.
    What you do is sit down at the share registry with a few friends and write out the names and addresses.
    It all depends on how determined you are.
    I have done it in the past - and it gets results.

    The other alternative is to wait for the vote - then make a submission to the Court, and attend the Court hearing, when OIP attempt to get Court approval.

    If you can get statements from other s/h attesting to the fact that they did not have sufficient time to read, digest and get advice on the new material, prior to the vote, plus that s/h did not get a reasonable opportunity to lodge new proxies, then you can present that info to the Court as evidence that the Court should not approve the Scheme. The more statements from s/h you get, the better.

    If the Courts have doubts on the procedures and voting, then the Court will err on the side of caution.
    The more voices the better.

    good luck
    cheers
 
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