The ASX should also realise that 1 shareholder already owns above 50.1% of shares, so as it stands Todd Corp have already achieved their goal and will get the delisting of Flinders Mines.
The ASX needs to amend the delist vote to either
* Ordinary Resolution and Todd Corp are ineligible to vote as they are the beneficiaries
of a delist
or * Special Resolution and the Todd Corp and the minority shareholders have a say in future direction of Flinders Mines.
L4L
FMS Price at posting:
5.0¢ Sentiment: Hold Disclosure: Held