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Old 01-03-2010, 17:31   #9
maccawozzagod
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Re: Ownership of the club(share issue)

you wouldn't proxy your vote each and every time - I think the idea would be that everyone who wished to 'donate' the voting rights of their 0.01% would do so by trusting the trust to make the right decisions collectively . You wouldn't do so on each decision or you might as well just use the vote yourself.

We did a quick count up a few weeks ago at an OSC meeting of shares that had been available recently or were intimated to be availble and we got to around 25/30% It was proof that an ST could or would have some significant clout as and when it happens. I'll post more on that later when I find my notes, as I've been meaning to update on that for a week or so.
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