RE: 96296231 Jan 2019 14:52
Lets try to make it as simple as I can,if you have problems have a word with Tubbs.
I am a private investor,trying to make money out of my pension pot.
I see a company and think wow,looks good i'll have a dabble at that.How do i do that.Ah the easiest way is through an online broker.Set up an account,put muchos dinero in that account,then you can deal.OK So far???
Get broker site on line,key in company,get quote,accept (or decline),pay share price +fees,cash balance in account decreases,but I am now a shareholder,and have to pay broker monthly fee for looking after/administering my account,Still with me.Usually no problem,share price may go up or down,gamble I take,guaranteed cash balance decreases,broker taking wedge for looking after me,and my investment.I am assuming the that the shares are non certificated,because i have never received a certificate,but I stand to be corrected.
By these actions I consider myself Ownner/part owner of the company viz employer of the BOD.
Company then hits problems,oh dear say BOD our employers (shareholders) are not going to be happy,when we tell them,tell you what let's not tell them.What we will do is start a rumour that we are going to tell them something,but not fully carry it out.Certificated share holders we will have to tell,no option,but the other donkeys we will just tell the broker,and hopefully they will think its not really all that important,we wont waste our time/postage,just keep it quiet and hope we will be ok.
So Mr broker/big poster,I knew my interpretation from the start,from the facts above,and for Teddy bear clarity,I guess that if the company advised the broker,it was for the company to follow suit and advise me.
I rest my case M'lud