by Richard Frost » Wed Jan 02 2013 9:37am
Strangely enough I was just about to post on this. I am not happy with the discussion by people on how many shares people have. Its a private matter and nothing to do with others. The shareholdings of individuals are a matter of public knowledge and available with the annual report. The information that people have via this forum is also skewed towards those who use the thanks button. ( I was considering not using thanks in future because of this) There are many who do not post and nobody has any idea how many shares those people have there are also many who do post but do not use the thanks button. Guesstimating is dangerous. I note that that one member in a post refereed to someone as lucky because they had over 10,000 shares they may be lucky but they have earned the shares by contributing to the company in some way or another. They were not given in a lottery. Luck does not come into it.
richard@imutual wrote:expressman33 wrote:it is possible to work out the shareholdings of many members using the results

This is a problem actually, as these members may prefer to keep this private (hence I've removed the posts naming individuals). I suggest that we change the POTM voting in future so that the number of shares an individual member can contribute towards a vote is capped at 1000 rather than 10000. This would bring our voting system closer to one-person-one-vote while still giving 'established' members 10x the voting weight of newly-registered ones. It would also be fairer on those with lots of shares, who are unable to vote for themselves
I would be happy for it to be 500 shares...
Strangely enough I was just about to post on this. I am not happy with the discussion by people on how many shares people have. Its a private matter and nothing to do with others. The shareholdings of individuals are a matter of public knowledge and available with the annual report. The information that people have via this forum is also skewed towards those who use the thanks button. ( I was considering not using thanks in future because of this) There are many who do not post and nobody has any idea how many shares those people have there are also many who do post but do not use the thanks button. Guesstimating is dangerous. I note that that one member in a post refereed to someone as lucky because they had over 10,000 shares they may be lucky but they have earned the shares by contributing to the company in some way or another. They were not given in a lottery. Luck does not come into it.
[quote="richard@imutual"][quote="expressman33"]it is possible to work out the shareholdings of many members using the results :shock:[/quote]
This is a problem actually, as these members may prefer to keep this private (hence I've removed the posts naming individuals). I suggest that we change the POTM voting in future so that the number of shares an individual member can contribute towards a vote is capped at 1000 rather than 10000. This would bring our voting system closer to one-person-one-vote while still giving 'established' members 10x the voting weight of newly-registered ones. It would also be fairer on those with lots of shares, who are unable to vote for themselves[/quote]
I would be happy for it to be 500 shares...