Would you invest in a company which had no corporate governance, or on whose board, as a shareholder, you were not represented, nor had anything other than a minimal legal requirement to take any account of you as a private minority shareholder? That is the COC option. By all means vote out CEO and FD if you consider them actively responsible for SP decline. However you must retain the corporate governance board structure if you wish to see any mid/long-term return on a BLVN investment. Short-Term-Holders are effectively ‘trading’ in BLVN, they are not ‘investing’ in BLVN. But even the STHs will be left outside if the COC option is passed.
Well they have to announce some sort of tie -up or deal with someone by the 14th otherwise they could be toast, but I guess any deal would / could stop this take over dead in the water. Buy who knows, time is running out fast for the bod.
Well it looks like an even split for the vote so far from the pi's, I guess all those that have been here for a while and are well down will want to keep the board in so giving us more time to make back our losses, and the pi's that have bought in at say 20p want an extra 20p + on their profits. I am surprised CO haven't bought more shares to tip them over the 20% but we do have another few weeks now the date has been announced . What I would also like to know is Just who are these ex employees that all the new shares have been issued for, are they for the current bod who will/ could be the ex employees after the 14th.?
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