GREY:HRIVF - Post by User
Post by
hrgoppon Aug 14, 2009 10:36am
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Post# 16219068
Thank you to our team leaders for all the effort t
Thank you to our team leaders for all the effort tThank you team leaders for all the hard work and effort you have put in to protect all our investment.
To show our support and appreciation, we should all contribute to the fund which money had been spend already. We should all carry our own weight on this and relief some burden that is been carried by our team leaders.
Please do not be satisfy with what we have just succeed, there are a lot more work that needs to be done to get what we all want. We must not let our guard down and let these bully show their heads again. We need to continue our push. we need to stop this kind of bully and make them consider to promote HRG for the good of all shareholders and knowing without the minority shareholders, they will also not get their fair value of their shares.
Some of us call for board seats, other call for consolidated move to acquire more share to give us more leverage.
It is all correct and we need to do both of these and it take effort and money. We can call for an EGM any time to voice our grievances as we have more then 5% support and also seek some board representation. It is true Severstal has majority shareholding, but company law required the board to be represented by all shareholders in proportion including minority and there is a good reason for that and therefore, the 2 independent director but again they do not represent the minority as we wish to elect our own representative on the Board and Severstal is obligated to fulfill our request and seek fair portion on the board to represent us. Company law is set up in such a way that even as majority does not mean they can do want ever they want on the board and management. Therefore, the fund contribution is very important now, Please let us all help charlwood to seek more remedies which we could use against these bullies by contributing to charlwood Severstal rejection fund.
The time is now, Let's all act now and get our action more momentum. We need to push on.
We are seeing some result from all the efforts our team leaders have mustard up together with the institution and money put in for all these effort. So, Please to show our appreciation, Let carry our own weight and contribute to the funds.
Attention: Chris Charlwood, Severstal rejection fund.