Hi Kingtide, as shareholders you have power. If management/BOD decide to keep all the money in the company coffers, then with 100 shareholders or 5% of all share holdings you can call an EGM where you move a motion that the company must pay out 50% 70% whatever of the gain to shareholders.
If such a motion was successful then the BOD has no choice in following the vote of the share holders. You are afterall the owners of the company and the BOD/Management serve you, not the other way around. Many boards/managements seem to forget that aspect.
As the BOD/management are large holders, then they benefit from a payout to share holders anyway, so they will not mind a large payment and get to keep their jobs and wages for another 5-10 years as they look for other projects.
I don't think you have to worry about not getting a payout, the questions are, what is the offer? How much are the BOD going to pay out?
Good luck for tomorrow all holders.
BGS Price at posting:
33.0¢ Sentiment: Buy Disclosure: Not Held