I think a big part of shareholder frustration at the moment is a sense of impotence because we just have to sit and wait for the decision and can’t take any action until it’s done.
that feeling of impotence is starting to manifest itself in what we see this week with shareholders wanting to do something such as press releases, seeing ministers, billboards etc. that’s fine but I do think ultimately ineffective but makes people think that something is being attempted.
i believe that the only leverage that the govt will take notice of is legal leverage and the challenge for us has been to find something to enable that leverage:
this action whilst a really sledgehammer and not subtle at least gets us on the front foot: it says you can’t just push this around the traps and we are going to have a court assess weather you are being reasonable in the way you are dealing with it.
what do we have to lose at the moment:
instead of a billboard I would rather a KC opinion on this strategy.
hopefully some other sensible posters will give it some thought and give some comments
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