GREY:WFEMF - Post by User
Comment by
GaiusGermanicuson Nov 17, 2014 3:12am
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Post# 23134954
RE:RE:Notice of AGM - December 15, 2014 (amended)
RE:RE:Notice of AGM - December 15, 2014 (amended)Ok, that as a bit too short. Yes, theoretically, but why would you want to? They shouldn't have altered then approved on a revote without outside consent to get those technically preferred shares authorized, but I am hoping they were only able to do it because they had 50%+ of the adendees agreeing. Meannig even if there was a floor motion seconded as long as they have a majority agreeing (shareholder confidence in the board) then there's nothing even a retail activist can do to shake up the boat. If they DON'T have such an alliance then its in our interest to vote AGAINST any board measure in order to support minority dissenters.
Yeah, it's a weird catch 22, but it keeps an unreporting board honest at least to the minority insiders.