Q: Sorry to keep asking questions about GXE but there are share holders who have not received their proxy vote letter/email and the vote has to be in by Jan. 28, 2025. Is it unheard of for a company to extend (delay) a proxy vote, especially since this is a transformational vote for GXE? If it is not a crazy/unprecedented request to have a proxy vote delayed how would share holders let management know that they think share holders need more time to vote? I suppose calling GXE investor relations is a start but are there other measures that can be taken? I have been able to vote without a hitch but a friend of mine who is a GXE shareholder has not received anything via mail or email and it is already the 26 of January!!! If the vote is in favor, then GXE will be ripped apart with part of the company being sold to CVE and the remaining rump of assets being renamed Lotus Creek. Would you be in favor of holding shares in Lotus Creek since it will have only 1700 BOE of production when it starts trading.
5i Research Answer:
We are not aware of a company that extended a deadline unless there was a specific reason (i.e. covid) or a corporate event, or if it looked like a vote was not going to be approved well in advance of a meeting (i.e. a majority shareholder indicated their likely vote ahead of time). E-mails can 'bounce' or go to spam but if a shareholder has indicated they will accept email communications then calling the company is the best option if they have not received the required documents. Lotus Creek will be quite small and while it has potential we would prefer shifting to a more established company.