Fabled Silver Gold Corp T.FCO

RE: Shareholders Plan Thoughts

[JohnEStromJr]

focsle,

A shareholder bill of rights is a strategy to fend off an unwanted suitor.  This offers absolutely NO protection should management engineer a "friendly" takeover.  Most people believe management is looking out for the shareholders when the enact a shareholder bill of rights but the reality is it's to protect management and NOT shareholders.

In the last decade I have had ONE stock that was involved in an unwanted offer.  It was fended off easily.  I've also been a victim of three "friendly" takeovers and got shafted on every one.  When you read the shareholder's bill of rights do so from that perspective as that is, by far, the most likely event of the two.  When you read it you will find there are enough holes in it to give management absolute control of the company and we have no voice nor vote.  While it sounds like there is shareholder protection go back to what I previously posted about how just ONE director can nulify the plan. 

There is an old saying in the law, One attorney in town will starve to death, two will make a fortune.  The shareholder's bill of rights is the perfect example.  Don't read the BIG PRINT - rather read the mice print that is very hard to read.  Also focus on the BIG PRINT where the entire paragraph is in BIG PRINT and often ALL caps.  They know it's hard for people  to read.  That is why they do it.  Trust NO lawyer nor any document not written by YOUR lawyer for YOU.  Suspect all others - they don't have your best interests at heart.