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Originally posted by joewolf:
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The corporation's act thought that 100 shareholders would be enough to give rise to allow those shareholders to propose a resolution. Essentially if you take it to its logical conclusion 100 people could all own 1 share. You will say that can't happen because you have to buy a minimum of $500 or $600 of shares but you can in fact sell smaller parcel so this exercise could cost effectively 100 @$15.00 brokerage or $1500.00 I suspect practically they may all own 100 shares.
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Ain't happening in the next 30 years. Coal is still going to be around for the next 30 years.
(20min delay)