I feel its a real positive that management have released the top 20 shareholders statement, gives all shareholders an outline of how the shareholder base will be after the cr to jinan will be.
Like i said before, the top 5 shareholders will have huge influence on company direction, but in saying that im sure the influence would be positive, there not small players in the industry.
Sometimes having a big institutions deciding direction of companies is a good thing, having a big retail shareholder base makes it difficult for companies to govern, as there are lots of people pushing in different directions.
The company has done the right thing issuing a top 20 at this time. Theres a big vote coming up, on company influence and people cant complain about not knowing its effect in future.
Remember, you cant vote against your board in the future without the top 5 stamping that off. And visa versa, if the top 5, dont like what the boards doing, they can spill, even though the retails like the board.
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