Q: Hi Team,
I saw the news out of the company this am and did some digging and found this:
https://asantegold.com/asante-gold-announces-results-of-annual-and-special-general-meeting-of-shareholders/
What do you make of this? I don't pay a whole lot of attention to these voting reaults. Is it abnormal/concerning to see so many close to 50-50 in votes?
It is unusual and there has been a big dispute at the board level. Two directors tried to gather shareholder support to vote down the incentive plan. One director announced his resignation today. The company notes that there may have been a coup attempt to take control of the board. Details are still emerging here but it looks like some nasty behind-closed-doors meetings must have occurred here.