lateline, page-19

Hi db76, I quote from your post and would like to point out some factual errors.

"If you did get a separate meeting ESG would be paying for it (Us Shareholders) and the resolutions would be voted on the number of shares not the number of holders. Do you think that the numbers of shares you have marshalled would be greater than those of the Other shareholders ?

1.At a meeting 5 shareholders present can request that the Chairman decide an item on the agenda by a show of hands of those present. Very powerful tool in the hands of small shareholders.
2. A vote can also be decided by counting the number of shares held by those present at a meeting including proxies of those retail shareholders unable to attend but nominating someone on their behalf who is physically present.
For example a friend,relative, solicitor the ASA etc

3. An item is decided purely on proxies which advantages the large shareholders ( fund managers) as the retail shareholder base is usually quite apathetic and does not vote in any significant numbers.

So what I am saying is getting resolutions drafted and placed on the notice paper ( legal advice is required) and getting people to attend an EGM or AGM are your best weapons.


regards



jukieoz836