The moment of maximum danger looks like it has passed for I-Res. Approximately 60 per cent of its institutional shareholders have backed the I-Res board in its dispute with the activist investor Vision Capital. At a tense EGM in Dublin on Friday, we learned that approximately 60 per cent of institutional shareholders were backing I-Res’ existing board. The institutional shareholders represent by far the biggest chunk of voting shares. When individual shareholders’ votes were finally counted, they didn’t change the final result.  Two questions were asked. One was whether I-Res loyalists should be removed from the board and replaced; another…

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