Object to the scheme, page-7

  1. 840 Posts.
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    There can be no rational objection on the grounds SWC is saying he is too busy to raise himself (although in his view others should) . Whilst there is a general provision in company law to the effect that if a minority shareholder's interests are 'oppressed" by the actions of the (or a) majority, then a route is open in law for the minority to bring action against the majority for damage caused to the minority, this is a provision very rarely used because the burden of proof is great and precedent shows it has a very poor record of success.

    In SWC's delusional and clouded mind, it seems the way he sees things here is that the 75%+ who voted in favour of the proposals tabled by the senior lenders have somehow acted unfairly in voting as they did. This is truly delusional and shows a lack of understanding that is bewildering. If ever evidence was needed to show how confused his mind is - and has been all along as the vast majority of posters on here clearly recognise, then it is in this latest advice to others.

    With a bit of luck he will continue in cowardly fashion to be so busy he doesn't have time to promote any more of his delusional theories on this forum.
 
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