RE:Support for RabeGood points. I wonder what percentage of the stock is held by institutional investors. Most lists that i have seen are probably incomplete. FT lists the institutational shareholdings at 30% and lists the following:
| ittleman Investment Management LLCAS OF 22 MAY 2019 | 28.22m | 18.53% |
| Burgundy Asset Management Ltd.AS OF 31 JUL 2018 | 11.31m | 7.43% |
| Dimensional Fund Advisors LPAS OF 31 JAN 2019 | 2.15m | 1.41% |
That is prior to the SIB so it could be seriously out of date, and incomplete. However, I do note the small size of the holdings of the funds at the bottom of that list, which makes me think that even if it is incomplete, there are not a lot of institutionals in this at the moment.
123c wrote: I suspect that most of us here are retail investors and that institutional and otherwise large shareholders are not using this forum. As the Notice of Meeting is distributed and proxies are solicited I think we may see how the battle shapes up going into the AGM. It seems obvious that days afterward Mittleman will be in a position to requisition a new shareholders meeting, so why do it twice, but it may be Rabe's way of sizing up his support. If he is unsuccessful in soliciting proxies he may back down before the AGM, but be going this way to test his support. In the meantime I'll be watching for additional letters to the board like the Laughing Waters and Breach Capital ones to see if there is going to be a fight at the AGM. One way or the other there should be fireworks.