That's an accurate assessment of how things went from my point of view.
The OXX Lawyer was a fairly animated character and was clearly well prepared (not surprisingly), and certainly not prepared to take no for an answer lying down. The ex-directors were in attendance and made it clear they had resigned their directorships because of this deal (no surprise there, but interesting to hear it directly from them none-the-less).
H - next time I'll keep the diary free beforehand. Would have been good to finish that discussion about ESG and general chat etc...
I will be genuinely shocked if there isn't a legal challenge from OXX.
2 things that stuck in my mind (other than the complete evasiveness): 1. First question from the lawyer asking RL if OIP was aware of people calling shareholders and asking about their proxy votes (the answer was no) 2. Majority of people in attendance voted against both resolutions to send the vote to poll
Interesting times ahead.
JT
OIP Price at posting:
7.1¢ Sentiment: None Disclosure: Held