I think I explained the reasoning in a previous post.
It is the only share based structure where Mum and Dad investors can participate as individuals and they shouldn’t be dictated too.
The wealthy have multitude of other entities where the amount they input equates to the number of voting rights.
Historically, it was rare for Custodians companies to bother to vote and thus there was a semblance of fairness…now the radical ones are the wealthy investors including some T20 investors.
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I think I explained the reasoning in a previous post.It is the...
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