Re: A Company Take Over...OZ...
in response to
by
posted on
Aug 29, 2009 12:49AM
You said...
"All we know about Polis group is that they have more shares than any other board member or any of the management of edig."...
We know more than that...
They must have at least 13% of the shares oustanding...
"That is when they can demand a seat on the Board"...
You also said:...
"There could be an individual with more shares"...
Frankly, if by that statement you infer some one on these Boards has as many shares as the Polis group, I doubt it...
I don't think any one here has 35.75 million shares, as that is 13 % of 275 million shares thay have currently, I think!?...
May be if we put all our shares together we too can demand a seat on the Board, but good luck on that one...
Besides the number of shares the Polis family may have, they also have, in their different identiti, been a regular lenders of last resort to EDIG for some time. And that in itself should count for something...
Gil...