[200WILLIAM-EC SP67851] Quorum details
Paul Mooney
paulmooney at manxpm.com.au
Fri Mar 3 13:37:43 AEDT 2023
I would like to be able to contact Barney because I am considering the same.
Could you please share his contact or unit number, so I can pop a note in his box. Alternatively please forward my details to him and ask if he could contact me
Paul
Sent from my iPhone
> On 3 Mar 2023, at 11:10 am, Matthew Perkins - Private <matt at perkins.id.au> wrote:
>
> Hi All,
>
> I have the details regarding the Quorum for the EGM. If 25% of the total number of lots are at the meeting we have a quorum. So we would need owners representing 21 lots to start the meeting. If we do not have 21 lots we can switch to units of entitlement. Which we would need to total again 25% so 2500 entitlement units. If we dont meet the 2500 units then we can wait 30 minutes and then the chair can decided there is enough people reasonably present to start the meeting. It get's a bit murky at that point But generally speaking the chair can then take into account the units of entitlement of proxys held and continue the meeting or adjourn the meeting for 7 days when at that point even if a quorum is not present the meeting can continue after 30 minutes.
>
> I have already had two proxy's returned with votes in favor of the change so im fairly confident we will meet the critieria even if we do have to wait 30 minutes. I suspect we might even have 21 lots I have had a number of phone calls indicating people will be coming.
>
> Craig will know Barney who id s long time owner who gave me a call, You might be interested to know he is taking STM to fair trading over what he is calling fraudulent fees on his strata bill.
>
>
>
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> Matt Perkins
> 0403571333
>
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