[shakermaker]

What does it mean when you own the majority of shares in a company? How much power does it give you?

I've just seen the bit in the Observer about the transfer of shares from Whalley to O'Neill being almost complete and the latter expecting it to happen within the next week (yeah, heard that one before). What I am wondering is how Ilyas' role as non-executive Chairman and Peter's role as President will work with O'Neill (presumably acting in a role beneath these two) as majority shareholder. The tendency to tell a porky, the absence of clarity and the frightful decision making abilities that O'Neill has displayed so far don't offer much in the way of confidence, especially if he is to have 'the last say on things' as majority shareholder. Describing the ASSF offer as a "fans board" and the balance sheet as having a "slight imbalance" further inflame the worry. Put mildly, he needs guidance. In my opinion.

Ilyas, if these worries will be made clear in the coming weeks as you iron out the ownership issues, then please ignore me.