Member Info for Utils

You MOST always remember that investing can be good or bad and people say they are foolish for investing in HUMMINGBIRD. BUT you were NOT foolish, if we had a level playing field it was a good investment. ALL small shareholder have been suckered and bullied out of the investment INVHO. At the very least you should be writing to the FSA to see if for you next invest you are better protected. The FSA does not care about us small share holders it cares about the FSA , that MUST change.

One of my brokers IG accepted the offer with out consulting me. The actual decision was wafer thin and if they did it for all their clients without consulting them, they may just have triggered the 90% acceptance. I will be writing to the FSA because even thou IG replaced the shares, my shareholder would be registered as accepting the offer. I know a lot of people accepted the offer to preserve some cash, but at the very least on principle we should all be taking this up with the FSA. Otherwise you will NEVER be able to invest in small companies in AIM safely as we will be open to all and any corportate malfise, as the FSA is totally toothles..

The board and especially Non Exec directors should be looking after the interests of ALL SHAREHOLDERS. HUM had a market cap of 50m a few months ago I am not sure what it is worth right now. BUT the BOD and the NON EXEXC have been derelict in their duty. Sure HUM may have failed BUT how can you pay BETTS 4M while stiffing every small share holder The FSA are weak and will fob off a couple of letters from disgruntled shareholders but will NOT be so dismissive, if you copy in the Labour Trade minister, their shadow minister and your local MP. Sure it might not get your investment back but at the very least we may be able to get the BOD payoffs stopped and any of the BOD & NON EXECS barred from future office. IMVHO, we should reject the offer and every one of us write to the FSA. What have you got to lose.

Kenj, I was aware of the 11.26p limit. What I cannot get my head around is why is the share price of 2.67p offered to all share holders with CIG taking up their share or any not taken up by the remaining shareholders. Surely the board and their independet directors can not favour one shareholder no matter now big. CORIS were brought on as a white knight investor by betts et al.

Thanks Bushytailed but I was an independent shareholder who voted on recent SHANTA STEAL through my broker and they counted the broker as one vote rather than the millions he represented. I am not sure AIM or anyone really protects us in these voting shams. So can anyone say if we vote for/against it will be counted as we intended. One share One vote should be the simple rule.

Does anyone know what an independent investor means. You may have shares held in one of the brokers. But the recent voting on SHANTA only counted voters at the meeting. Just because you vote doesn't actually mean it counts. Can anyone clarify, now to actually make your vote count ??????