RE:RE:RE:RE:Another shareholder group bucks a buyout bid - WE ARE NEXT!Tiger,
I did the best I could:
Support ticket to my broker (Saxo, Danish company, Dutch account)
Date 11/23/2021
Support ticket: SAX-3370448-H3D5L8 Corporate actions
On December 10, NLC (see my portfolio) has a rather important shareholder meeting. They want to sell the business.
I think it would be in my utmost interest to vote against the sale at a much too low price.
That vote would then have to take place before December 8.
I don't see saxo giving me the option of voting against it.
Under corporate actions, I know. The possibility is not offered for NLC.
Tell me, 80000 shares sidelined by the broker over something so important? Is that normal?
I am counting on saxo to enable this for a while and in time.
Translated with www.DeepL.com/Translator (free version)
(I wrote to them in Dutch)
I followed up on 12/01/2021
Ticket id: SAX-3392136-K6P4X9 Corporate actions
Is the below text a fair description of Saxo attitude towards voting by their clients?
Does Saxo also get paid by proxy hunters to the detriment of Saxo clients?
Quote: " I was phoned 3 times by a proxy solicitation firm in New York to ask whether I had voted or whether I would vote in favour of the offer. I declined to answer, I have voted NO. Possibly the purchaser, or management have paid for these phone calls, and are not certain that that they will get the 67% votes they need. Maybe some investment funds have voted NO. If you have not yet voted, it is simple to vote online if you were mailed the Control Number. If the purchase is declined by our votes it frees CATL or someone else to come in, as CATL possibly had an arranged deal with the purchaser to buy the Lithium Carbonate for a good long term price from the purchaser/mining company if the vote was to approve the purchase."
Your answer will be too late (experience) and I will ask, as a long standing member, VEB to investigate.
Note: this communication will be shared with others.
Comment today:
At present I am convinced that Saxo gets paid to not make voting available to NLC shareholders.
They get me the silliest "Corporate Actions" notifications, but something important like this just cannot find its way to shareholders.
Calling them is just a waste of time. I'm not going to wait another half hour before having to hang up.
You may regard this post as my recommendation in case you ever get solicited to become a client at Saxo's.
Little fun these days.