PXU paperlinx sps trust

can sps trust be forced to buy out pxupa's? , page-21

  1. 462 Posts.
    Good thinking asf

    I haven't researched the voting rules for PXUs but typically you need at least 50% of the number of holders that vote at the meeting to get a resolution up.

    So the number of actual voters is important too.

    Understand PXU has a lot a small holders (Ma and Pa) so this would typically work in our favour ie a NO vote.

    Others may have a better idea on winding up but AET&D (part of BEPPA) still has not been wound up after 2.5 years, but I expect this has something to do with advisors being paid heaps p.a. for managing the business up to a 3 year maximum :)

 
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