Re: Anybody get a phone call From CLL?
posted on
May 07, 2011 08:05AM
While I have a fair number of shares I am not a material shareholder. I find it odd that management would solicit support by randomly calling shareholders for an item to be voted on so my first thought is it's unpopular with shareholders but management wants it passed. While an earlier post suggests how special shares could be useful in retaining employees they can also be abused. Eg multiple voting shares, non-dilution shares etc. Unusual share structures have been used by management to control companies & my understanding of this company is that current ownership by senior management is negligible. As I normally only get the ballots & not the printed matter i tried to get more info from their web site but couldnt find anything. So does anybody here have a good understanding of this agenda item or is it all speculation? Are there limits to these special shares or are we allowing the creation of any type of share to be distributed to whomever whenever?