I understand you being a bit sceptically droll, Avdollars, but I...

I understand you being a bit sceptically droll, Avdollars, but I suspect there are a few people with significant business backgrounds on this forum, so it's not necessarily a 'pie-in-the sky' wish. I concede you 're making a valid point about the difficulty of shareholders being able to take any remedial action against directors who aren't doing the right thing. But back in the day,i bought a shelf company and just altered the articles to reflect its new purpose.It wasn't so difficult[winding it up was!]. What we have at the moment, in my view,is a nascent shareholder action group,endeavoring to protect our investments-some of them substantial- against the actions of a BoD taking advantage of a nebulous,dispersed mob of shareholders. Lowkey has initiated and led a form of united action and has achieved some success. But, in spite of that,we are still vulnerable to the strategy the BOD is following-well and truly against our interests.If a company could be established along the lines I've suggested,it would provide a united and powerful counterpoint to any attempt to acquire the substantial assets of GSR for a fire sale price.

db