It appears that the cupboards have been cleaned. approx 1,250m...

It appears that the cupboards have been cleaned.

approx 1,250m shares were voted. The missing shares likely to have been EWI. it seems the "no" votes were in the majority for the whole point but one investor with 200m+ shares was convinced to support GE.

My guess was the price for saving GE's neck was that SE exercised the Convertible 2 years early at the 50c strike price.

My guess is that same investor declined to support Blount - despite his experience with Chart should have been useful - more likely that his sin was being appointed by the existing team. Nor did it support Fong. Fong is an employee of EWC - and a company secretary - so was he was likely just a strawman and EWI proxy.

The SC nominee had everyone's support - presumable because he is SC's proxy, and not in SE/BA's purse.

So who called time? SC? Capital? Chandler? The next round of appointments may reveal all.............

In my view, it is a pity the auditors were not sacked as well - if only for a new set of eyes and a fresh opinion on disclosure and going concern.