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23/10/17
01:24
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Originally posted by mediplast3
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I am perplexed how the vendors have voting rights when their shares are still in escrow and based on the performance of these shares i would suggest that there will be a claw back on many of those shares. Interested to understand the legality about voting rights when shares are held in escrow and many of those shares will probably be returned to the company..
The share price is depressed due to some of these vendors having sold assets that are clearly underperforming and it is clear that the vendors want to retain the current board becuase they are not strong enough to manage them and turn the business around. Maybe the vendors are concerned that the alternative board would hold them accountable. We need a new board that holds them accoutnable and no wonder the current board with the support of the vendors is making any endeavour to turn thing around so difficult.
If they do what the been doing we will get the same result , so lets vote for change. The vendors are not in my opinion in a position to be getting involved in board disputes as they should focus on getting their assets to perform which up to now appears to be the primary cause of the depressed stock and internal disputes.
Time for a board change that holds themselves and the vendors responsible . .............and that will restore confidence in the share
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Why on earth should the vendors not have a vote? Regardless of whether their shares are escrowed or not they are share-holders of the company. If shares are escrowed you could almost argue that this is even more reason why they should vote at meetings - since they can't vote by selling shares like the rest of us can.