Knowing the voting runnng totals before the closing date.
I am interested in other contributor's view on this matter.
From what I can gather (please correct me if I'm wrong) the board, and by extension OGOG, seem to be privy to the votes for, against, and abstained prior to the SoA voting closing date.
Based on this:
They can keep an eye on it.
Not raise their offer if it's looking like being accepted.
Take the moral high ground of generously increasing their offer before the closing time.
Use the information to help determine how much to increase the offer by, just enough to get it over the line.
Enabling OGOG not to suffer the loss of money and time (for making such a ridiculous offer) by conveniently raising the offer prior to the closing date and then extending the closing date.
Probably another dozen or so benefits in addition to the above.
If I'm right, I can't think of any other voting system that allows this.
If OGOG can in any way be made privy to this running-total information , then so should all shareholders. All shares rank equally don't they?
In my view, the running total needs to openly accessable to all shareholders or, like a normal voting or tender process, remain under lock and key until after closing... and I lean very heavily on the latter of these.
Thoughts or clarifications anyone?