Quote:
Originally Posted by bdc
I think that this battle for the club will end up depending on what written agreements exist for the repayment of debts to Ilyas and how this relates to conversion of this into equity. My main concern would be as to whether the increased shareholding would technically need the agreement of EW to issue new shares.
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I would imagine that the technicality there would be whether EW actually was the majority shareholder and that O'Neil hadn't acted in good faith when HE AGREED to the equity thingie. But if it could be proved that sufficient notice had been given for ALL shareholders to attend the meeting then it wouldn't matter a pop whether he was there or not. If any credence given to Cashy's claim that he was on the premises at the time then T.S.B
but to be honest it's not worth debating from our point of view, because what will be will be and the ball is rolling.