RE: USA connection22 Jul 2024 22:05
Thanks Iam., it’s currently one of the directions being aired.
One approach to achieving this is via the company’s Articles of Association. And that then leads to an EGM. Counsel said that this was doable. Putting this rather bluntly, this approach then only requires Amitscigar’s vote plus a few others. And the ball is then taken out of Amit’s court. I believe that IF the funds exist and a significant % of shareholders were in agreement, then the relevant legal beagles could then push this through. And for this the suggestion was that a 5% fee might be incurred.
That then means instead of getting 27.95 cents/share, it would be 26.55 cents per share. Significantly more than what some peeps were recently offering to sell their shares at.
Establishing the existence of any funds, and in locating, would then be and the risk of it all being just a con, with nowt for the legal team, is then offset in a successful distribution. Our chap from 5th Avenue NY, seemed to be enjoying and was more than happy to look at bringing in an international crew.
There are a few other approaches also being looked at. NY was quite excited at the prospect of a North American communications company paying the licence fee.
I was asked by Antha what steps could be taken to enable a shareholder resolution that then facilitated those Pi’s without the funds to seek redress. I think this then gives all shareholders a very good return IF the funds do exist ?