voting
I know Deutsche Bank is in charge of the process to ensure MBAC pays its debts effectively, however if there is more than one viable offer on the table then management weighs in as the decider. Now if some differ on a buyou versus a joint venture then this upcoming vote may influence the decision. Perhaps this AGM will have more bearing on the final decision than most of us thought. Most of the shareholders thought that the company would be bought out by now, so not a lot of thought has gone into the vote. I woul like to know more about the candidates and their individual views on the debt resolution. Also it has occurred to me that some might want to be voted out so that they can claim their compensation. For example Melcher and Pinto would get a good payout if terminated without cause and this could offset some of their loses. All I am saying is that they could gain if voted out. Many had no intention of voting. I don't know which way to vote. If anyone has advice please state it. I am considering attending the AGM, but I don't know how it will help. The lack of pertinent information disables one's effective vote. But our payout could be riding on this vote. Certain deluded management team could be resisting a tasty buyout offer hoping to make more in the long-term with a JV. The problem with that is that long-term will be very, very long.