RE: Ownership of outstanding issues...I think the efforts to date are well intentioned, but need now to be organized. We have Charleswood indicating that he is dealing with his lawyer, and waiting for some sort of preliminary assessment. The person who referred to the actual registered shares being all that matters, in terms of the offer at hand, is correct.IMO
What is important and often fails in these sorts of matters is organization after the emotional responses. In other words, if you do not get someone to take the lead, have a lawyer hired that represents the group, organize along some sort of loosely formal lines it will falter.IMO That is why class action law suits, when possible have a much more effective result, if for no other reason than the forced organization of fact vs fiction and follow through. AND that is really what the group you are facing FEARS MOST.IMO They could care less about all the emotional stuff.
The emphasis should be on follow up with the lawyer.IMO Why? Because the rejection or acceptance of the offer at hand is probably largely decided at this time. The actual list of shareholders, once in hand, means that an organized group can contact EVERY shareholder shown on that list with some sort of well thought out communication. That communication has to be very well put together, factual and with a plan.IMO
My only questions are as follows: the lawyers, are they a group who have handled such situations previously?
Heading up: I can't as explained, the time difference, my schedule to be in places with no ability to even use a cell phone or internet over the next year, make it problematic. But I will take on limited jobs if possible.
The quicker somebody takes up the ball here, the sooner things will start to take on a realistic frame work. I see the beginnings and possibility, but I must say, I have seen this before, and then often a fade out, as people sell, circumstances change etc. etc.
Remember: IF there are ground(s) for a class action, then that means it is for something ALREADY DONE and thus they would EXIST NOW. And EVEN if later they attempt to remedy same by upping the offer for example, or some such, ALL the people injured by the basis of the action put forward, and the time period involved, still have remedy. You do not come up with a suit without grounds, and with grounds what somebody does next does not repair it, other than an agreed upon settlement of that suit, or a win or lose of same.
I say again, that is why a legal approach is important, not only in gathering information, but in promoting any actions.
Cheers, good luck, moving forward.
As a side note, on the lighter side: the President Elect of Iran: any of you catch his speech. Oh such a guy, he is ALL for the people, sort of like our BOD - all for the shareholders. roflmao Which brings up that I STILL see the odd person actually here asking if there is some sort of plot. Have they read this board, before posting??