The addition of a proposal is automatic. If a qualified shareholder proposes it and a specified number of equity shares agree, the proposal can be included in the list of shareholders' meeting that day. The threshold for discussion increased in this way is much higher than that announced in advance, requiring 3% equity proposal and 5% equity approval. In other words, the emergence of this proposal means that 8% of shareholders stand opposite Old Jim.
The assistant next to him whispered: "Should we cancel this proposal?"
Old Jim calmed down, gritted his teeth and said, "Cancel!"
The board of directors has the right to cancel a temporary increase proposal, but the consequences of doing so are very great. Not only will it break with the shareholder who proposed it, but it will also make other shareholders wary, and it will leave a very bad impression on investors. However, the emergence of this proposal has made Old Jim smell a dangerous signal. The equity he can control now is actually only a little more than 10%, and the chips in his opponent's hands are already very close to him.
Old Jim added: "Let all accounts stop closing positions and wait for voting."
The assistant was startled and hurriedly advised: "If we wait like this, it may trigger forced liquidation, and our losses will be huge."
"Go and do it!" Old Jim's face darkened. The assistant did not dare to say anything and rushed out to carry out the instructions.
Old Jim made a few clicks on the operating terminal with his own hands and canceled the proposal to remove the director. The market was in an uproar, and the attention of Comet de Frey immediately increased exponentially.
Seeing that the temporary proposal was successfully cancelled, Old Jim breathed a sigh of relief and prepared to enter the next step. However, at this moment, the proposal that had just been canceled suddenly appeared on the list again, and two new proposals were added. One was a proposal to nominate 11 new directors, and the other was aimed at the history of the company's management. Investigate business practices.
This is going to be a reckoning! Old Jim instantly understood the meaning of the new proposal. With trembling hands, he opened the proposal that had just been canceled and then added back. This proposal was added through the major emergency channel, which means that 3% of the shares must be proposed and 10% of the shares must agree before it can be considered as a major proposal at the shareholders' meeting.
This number of shares has exceeded that of Old Jim, which means that the initiative has come to the opponent.
Old Jim's hands were hanging in the air, trembling slightly, and he was still unable to make the decision to enter the next link. However, time ran out quickly and the voting session started automatically.
The first proposal is to launch the poison pill plan.
Old Jim quickly calmed down and put all his chips on the table. The data showed that the number of shares supporting the proposal had reached 11%. After a while, the data jumped up again and became 12.2%. Old Jim breathed a sigh of relief. His assistant was very efficient in handling things and would never let her down.
A few more minutes later, just as the 15-minute voting time was about to run out, the column for negative votes suddenly moved. In the blink of an eye, a large number of negative votes overwhelmed everything!
Seeing 61% of the negative votes, Old Jim's hands and feet were cold and he lost all his strength.
it's all over.
On the day of the Extraordinary General Meeting of Shareholders, the mysterious new shareholders swept everything with overwhelming force, vetoed all the proposals of Old Jim's side, removed all current directors of the board of directors, and then appointed more than two-thirds of new directors. The moment the voting ended , Devere's Comet announced that it had changed hands.
Stimulated by the news of the shareholders' meeting, the stock price of Comet de Frey rose sharply, not only returning to above the average price, but even reaching a new high. The entire market is looking for the details of this mysterious shareholder. There are no secrets in the capital market, and all confidentiality agreements are full of loopholes at the dinner table. It didn't take long for Light Years to be linked to Comet Devere. As a result, Lightyear's stock price began to fall, and Devere's Comet skyrocketed, reaching a new high.
At this time, Old Jim held another press conference.
At the press conference, Old Jim first condemned the new shareholders' abandonment of the management and severely criticized it from a moral perspective. Then he switched the screen and saw the headquarters of Comet Devry and several research institutes and factories. , tens of thousands of workers were marching, carrying slogans such as "Get Out of the Hostile Takeover" and the like.
Old Jim Kang said passionately: "You see, this is the voice of most people! Hostile acquisitions will not bring victory, only a series of failures are waiting for the acquirer!"
At the end of the press conference, Old Jim specifically thanked the acquirers, because their positions were very profitable, which was a blessing in disguise.
After the press conference, Old Jim finally felt better and returned to his office. However, at this moment, he saw several uninvited guests waiting at the door of the office. The young man in the middle was someone he had seen before.
"Mr. Jim, we meet again." Li Ruobai put on a professional fake smile and extended his hand to old Jim.
Old Jim ignored the outstretched hand and said, "You're not welcome here!"
Li Ruobai smiled and said: "It's you who don't welcome me, not here. This is the chairman's office area. As the newly appointed chairman of Comet de Frey, this is now my office. How could my office not welcome me? However, I am a very generous person and will give you 30 minutes to pack your things. Once the 30 minutes are up, I will disinfect and redecorate the place!"
Old Jim's face was ashen and he sneered: "If you want to enter my office, it depends on whether you have the ability!"
Li Ruobai smiled and said: "Why, are you still planning to be tough? Then I can call the police now and see if the police will arrive at the stipulated time. Oh, I forgot to introduce, this is a senior reporter from Dynasty News Channel, What she likes most is cracking down on collusion between government and business.”
"We are military suppliers, not something you can mess around with!"
Li Ruobai pointed to an unattractive middle-aged man behind him and said, "This is General Liu from the Equipment Department. He came here specifically to inspect whether the handover was smooth and whether military orders could be guaranteed. If someone maliciously instigates a strike, resulting in military orders If something goes wrong, General Liu will know exactly whose responsibility it is."
Old Jim took a deep breath and said, "Don't push people too hard!"
Li Ruobai looked at the time and said, "There are still 29 minutes."
Old Jim simply stood still and said, "I want to see how you plan to drive me away!"
At this time, a person next to Old Jim slipped away quietly. Li Ruobai did not stop him and pretended not to see him.
Within a few minutes, hurried footsteps were heard outside the building, and then a stormy cry came to mind: "Outsiders, get out!"
"Comet DeVry is ours!"
"robber!"
Old Jim said calmly: "Have you heard everyone's calls?"
