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Aren't we still waiting for Q3 to be released? Isn't there a legal timeframe when they are to be released by? GLA .... Come on ART some news would be nice around now..... even just a progress update would be something.
Bolton, yeah been a long time coming my friend. Just a little longer to wait I hope and then we can all sit back and have that well deserved drink and move on to better things. As we both know JV's don't happen overnight and although CEOs on both sides have a clear avenue on what they want from each other..... its the legal and lawyers side that takes the time and until such time as both sign on the dotted line, we have to wait...... GLA
As my understanding is:
Shareholders usually have the same basic rights regardless of whether the company is private or public. Shareholders' rights depend on the rights or limitations attaching to their shares under the company's articles. Different shareholders can enjoy different rights, or be subject to different limitations, and this is usually effected by a company having different classes of shares. These rights are usually provided in the company's articles. There is no limit on the number of different classes of shares a company can have.
Shareholders' rights can include special rights, including:
Rights relating to the appointment of directors.
A right to be consulted or informed before the company takes a particular action.
Weighted voting rights.
Limitations can include having restricted voted rights on certain types of resolutions or not having a right to receive a dividend.
Subject to class rights, shareholders' rights can be limited, modified or waived. However, shareholders cannot be financially liable for more than the amount unpaid on their shares. Shareholders can agree with the company and/or between themselves that their rights are restricted. For example, a share may be non-voting (that is, the holder cannot vote at a meeting of the company) or may not entitle the holder to payment of a dividend. The company's articles may entrench certain rights so that, for example, a set percentage of the shareholders must vote in favour of varying a right. Entrenched provisions in a company's articles can be amended by agreement of all the company's shareholders.
If a company has more than one class of shares, the articles often contain a provision to the effect that the rights of that class cannot be varied by changing the rights of another class without the consent of the holders of the first class of shares.
Variations of rights are usually provided in the company's articles, although they can be included in a shareholders' agreement if the variation only applies between two or more shareholders.
Bolton, hope are well my friend? Yep ditto, I added a few more.. silly but WE will be smiling in time.... Just how much time...lol..... too many years waiting but I am hanging on in their to the bitter end or until I see 50p or more ...... GLA