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readyaimfire

11,360 Posts.

1508

07/04/23

10:01

Post #: 67182565
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Originally posted by w27 ↑

I have been involved in three actions seeking an extraordinary meeting of shareholders in a public company, with an intention to remove some or all directors and elect alternatives, which, I assume, is what you are proposing. I was on the winning side each time.
If you want to succeed in this endeavour, you will need three things:

1. A slate of competent energetic and willing people to replace the incumbents, and they will need to be significantly more capable than those presently in charge.
2. A leader of the movement with similar attributes.
3. A group of people to assist in the endeavour, who are prepared to invest considerable time and money to bring things to a favourable conclusion.

Unless you have all these you will not succeed and should not embark on such a course of action. It will only cause shareholders more pain and loss.

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No i wasn’t proposing anything It was a reply to someone who was

ESS Price at posting: 49.5¢ Sentiment: None Disclosure: Held
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