goodaye Buddy, someone on an earlier post, speculated that when DB was buying ESG shares before the Scheme vote, that it then was able to split the share purchases, and then allocate those to the various clients which it manages. Or I guess, even buy each parcel of ESG shares on behalf of a particular client. Then when the Scheme vote arrives, DB votes those individual parcels in favour of the Scheme.
My question is, does this really happen? and I've got no idea whether it does, and/or if it is legal?
i know that "share splitting" to provide s/h with extra votes is not legal. that being where a s/h has say 1,000 shares and splits them say into 5 seperate holdings in his name. but if DB buys them in clients names, or on behalf of clients, then maybe thats a different issue?
it is very much relevant to BOW - because we all have observed that DB is very active in BOW.
cheers
BOW Price at posting:
$1.49 Sentiment: None Disclosure: Held
