Dr F.
I can appreciate where you’re coming from, and to a large extent I agree with you. You are correct. Voting No wasn’t a vote for CC, it was just a rejection of an offer. No one is happy with 0%. We could have voted No and seen what the consequences were. Maybe the company would have caved in and come back to the table or maybe they would have headed for the trenches. I suspect the latter if you reference their dealings with the AOA of the last few years.
I voted yes this time because the risk versus reward just didn’t add up. You can’t get blood from a stone and I felt the timing wasn’t right to escalate things. That was my thoughts at the time, and where I differ from you.
However, I’m certain that I and many others will not be so accepting in future. I’ll be voting No unless there is a significant offer made. I don’t think I’m alone.