Wednesday, June 25, 2008

Any last minute votes?

Great letters guys!

My guess is that blog voters voting to "withhold" is closer to 11 million shares. If we were to add the 11M to the 8.3M for Scion and the 22M for Wega, we would get 41.3M.

That essentially means that we already know that 25% of outstandings shares have been voted to not re-elect Margaret Kent as a Director of Century Mining. Those are only the shares we are award of. I would find it hard to believe that the people holding the other 75% of o/s shares are happy right now.

As it stands, yes, I would say that 25% is a solid protest vote (even though the final number may end up being substantially higher, due to votes from people we are not award of).

3 comments:

Natik said...

hi Production,

Many shareholders have not even received their voting materials! How might that affect the voting?

production05 said...

Hi Natik,

It means that if Wega would get their flipping act together and do things the right way then sufficient support should be there from the shareholder to enable positive change for this company.

rhump said...

To all that sent the great letters to the BoD. Carib just read yours. Nicely laid out. Hopefully this/these will have an impact on the BoD to remove PK. Carib; your letter should go out to the folks at WEGA and SCION too.
Great job!