Gabon Corporation: Difference between revisions
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Gabon Corporation Earnings Report Q1 2021</ref>
* May 24th: The board of the Corporation returns.
* May 24th: CEO, FKA_Twink, tables a proposal to all shareholders that entails the renaming of the GabonXP Corporation to the Gabon Corporation. This proposal includes the acquisition and merger between GabonXP Corporation and two other Gabonese Companies, G&W and Salisbury Holdings.<ref name=":0">[[File:GabonXP Corporation Shareholder Proposal May 2021.png|thumb|GabonXP Corporation Shareholder Proposal May 2021]]
</ref>
* May 24th: A stock split of 1>2 is declared, pending shareholder approval. The stock split proposal, if approved, would increase the number of shares in circulation from 2000 to 4000.
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Board Meeting of the Gabon Corporation - June 2021</ref>
* BritishWanderer CFO tables a proposal to all shareholders regarding an overhaul of the share system, separating dividend and voting rights.<ref>[[File:Gabon Corporation - Shareholder Proposal 3 - June 2021.pdf|thumb|!]]
Gabon Corporation - Shareholder Proposal June 2021</ref> <ref name=":1">[[File:Shareholder Proposal to Overhaul Shares Gabon Corporation.png|thumb|BritishWanderer, CFO proposing to overhaul the share system of the Gabon Corporation]]
</ref>
* June 13th: A majority of shareholders approve the proposal laid out by BritishWanderer, CFO.
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* July 20th: Gabon Corporation unveils a new branch in Icenia, selling XP, XP materials and beacons.
* July 23rd: CEO FKA_Twink updates shareholders and increases the estimated earning forecast for the Gabon Corporation in Q3 2021. <ref>Gabon Corporation Forecast Q3 2021 by CEO FKA_Twink</ref>
==== August 2021 ====
* August 5th: The Board of the Gabon Corporation appoints Tvman999 to the position of Chief Strategy Officer in a unanimous vote of Class A shares.<ref>[[File:TvmanAppointmentToGabonCorporation.png|thumb|364x364px|The Appointment of Tvman999 to the Board of the Gabon Corporation. August 5th 2021]]
</ref>
* August 25th: The Board of the Gabon Corporation appoints Flushy & Ahrimanne to Executive Management positions overseeing the subsidiary of GabonXP.
* August 26th: The Icenian Branch of GabonXP is expanded and renovated; with the intention to set the groundwork for further expansion in surrounding nations.
==== September 2021 ====
* September 1st: The Board of Directors tables a fourth proposal to Class B shareholders regarding the exchange of 200 Class A shares into 200 Class B shares<ref name=":2">[[File:GabonCorpShareholderProposal4.png|thumb|308x308px|Gabon Corporation Shareholder Proposal 4 ]]
</ref>
== The Internal Business of the Gabon Corporation ==
=== Shareholdings of the Gabon Corporation & Voting Process ===
The Gabon Corporation is a public, joint-stock company. As of August 10th, 2021, it has 4000 outstanding shares, known as 'Class B Shares'. These are mainly held by the general public and the Corporation itself.
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|YES
|YES
|}
==== Voting Process ====
Whilst both share classes possess voting rights, the Gabon Corporation intends to pride itself on being transparent and held responsible by its investors, and as such class B shares hold more importance in terms of voting power. For proposals that require the consultation and approval of Class B shareholders, a class A share vote shall be held internally prior.
All votes require a majority (51%) of held shares in that specific class in order to successfully pass - for the purposes of voting, corporation held class B shares do not count towards the necessary majority. Any proposal approval process held within the confines of a corporation discord channel or a signed letter by shareholders shall be valid for the cause of a vote.
Holders of class A shares, such of that as the Board of Directors and other employees may vote on proposals without the need for class B shareholder approval, such as but not limited to;
* Appointing an individual to the Board of Directors of the Gabon Corporation.
* Appointing an individual to Executive Management of the Gabon Corporation or its subsidiaries.
* Modifying the quarterly dividend paid to class B shareholders.
* Creating more class A shares.
Holders of class B shares, such of that of public investors, rewarded employees and institutional shareholders, shall be consulted on for their approval for certain proposals such as;
* Exchange of class A shares to class B shares.
* Liquidation of class A shares into diamonds.
* Creation of more class B shares.
* Acquisition of business whether it be via shares or monetary purchase.
* Any changes to the share system of class B shares.
Holders of class B shares may also, without consulting class A shares, cause for a vote on certain proposals such as;
* Removal of an individual from the Board of Directors of the Gabon Corporation.
* Removal of an individual from Executive Management of the Gabon Corporation or its subsidiaries.
===== Previous Shareholder Proposals =====
{| class="wikitable"
!#
!Proposal
!Class A Share
Approval %
!Class B Share
Approval %
!Proposal
Approved?
|-
|1
|Create the Gabon Corporation
& Acquire G&W and Salisbury Holdings<ref name=":0" />
| '''78%'''
| '''63%'''
|'''Yes'''
|-
|2
|Stock split at 1>2 <ref name=":0" />
| '''78%'''
| '''63%'''
|'''Yes'''
|-
|3
|Restructure the share system<ref name=":1" />
| '''56.25%'''
| '''84%'''
|'''Yes'''
|-
|4
|Exchanging of 200 Class A shares into
200 Class B shares.<ref name=":2" />
| '''68.75%'''
|
|
|}
[[File:GabonCorpCage.png|thumb|379x379px|Patented system by the Gabon Corporation regarding employees in a cage for dandelion production. [by [[Ahrimanne]]<nowiki>]</nowiki>]]
| |||