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happyonlithium

2,180 Posts.

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29/12/16

23:09

Post #: 21600296
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Originally posted by ozblue ↑

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.

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Hi Oz
Can you throw a scenario at me over next month or so where deal is rejected or not honoured and BOD are not strengthened?
Where would that leave management and what of our future?
Ta.

BGS Price at posting: 33.0¢ Sentiment: Buy Disclosure: Held
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