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Author Topic: 000 (Uh oh!)  (Read 7512 times)
Simon Pieman
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« Reply #45 on: Friday, November 30, 2007, 18:05:59 »

Ummm why could it cause a problem? Even if Power, Emmel and Diamandis all got on and voted against Fitton, Fitton would still have enough of the control to go against them and win in any vote.
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wokinghamred

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« Reply #46 on: Friday, November 30, 2007, 18:09:34 »

Quote from: "Si Pie"
Ummm why could it cause a problem? Even if Power, Emmel and Diamandis all got on and voted against Fitton, Fitton would still have enough of the control to go against them and win in any vote.


There are rules about the rights of minority shareholders, so if MD owns more than 25%, even though AF can outvote him, he cannot just go ahead and do what he wants. There are certain things that MD can influence.
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Simon Pieman
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« Reply #47 on: Friday, November 30, 2007, 18:12:05 »

Influence, but not control. I think that's the key.
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redbullzeye

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« Reply #48 on: Friday, November 30, 2007, 18:22:56 »

If Fitton has a controlling interest, wouldn't he be able to issue more shares, buy them himself, thus diluting any other stakeholders % ? Or are there laws against that sort of thing
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Simon Pieman
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« Reply #49 on: Friday, November 30, 2007, 18:26:51 »

That would be unfair prejudice against the minority shareholding I think.
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RobertT

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« Reply #50 on: Friday, November 30, 2007, 19:54:11 »

at 25% you can block a Special Resolution, you'd also benefit quite handsomely should any profits be made following a ground development.  If you only paid a quid for them you'd not be losing anything by being the obstacle really.
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OneAndrewFitton

« Reply #51 on: Friday, November 30, 2007, 19:55:47 »

Diamandis is determined to bring this club down isn't he, I'm surprised no-one has given him a hiding yet.
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