LFC Thanks for your post and recognition or perception of register...Quote : top20 only holds 30% i believe which means lots of loose paper out there(~200m) which can mean less appreciation despite what people claim that register is tight.
@oznt has gone on to say this is not the case...WKT share holders base is a retail base with a lot Mum and Dad investors who hold less than 50% of the company...
To put 50% retail position into perspective while full ownership of 15% may or may not secure a position on the board nor does the T40. The constitution that is now being addressed will allow this company to operate with transparency into the future.
Governments have taken issue with ownership in media at 15% may not control agenda at 50% as a network forms a formidable group. Share holders with 1000,000 head shares are invited to the T40 network.
Have a listen to the great Kerry Packer to full effect deliver his blunt message and realise the T40 network 50% position...
Great debate and well worth a listen...Nothing to do with graphite but it certainly relates to constitution and power of a board...
Looking forward to a positive week as news flow must be close...