POLL: We want option to buy, sell or transfer our shares

POLL: We want option to buy, sell or transfer our shares

Poll ended at Fri Sep 26 2014 10:46pm

YES
9
45%
No
11
55%
 
Total votes: 20

BeautifulSunshine
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Re: POLL: We want option to buy, sell or transfer our shares

Post by BeautifulSunshine » Wed Aug 27 2014 11:50am

an6ypan6y wrote:You are talking about trading iMutual shares - they have no value, so why would you want to do that. It seems that Richard has inadvertantly come up with a commodity with no value that certain members are willing to pay for or think they can sell- well done Richard !
When you allow a share to be traded you will always get someone with cash reserves on their hands. By buying the shares for a set price they will have placed a value on shares that are in essence without value.

That would create a buzz in itself as Richard would have pulled off the Holy Grail of business - to give value to that which is worthless.
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Squire
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Re: POLL: We want option to buy, sell or transfer our shares

Post by Squire » Wed Aug 27 2014 6:08pm

Time to introduce the "disruptive behaviour" clause in the Sites Terms...
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Re: POLL: We want option to buy, sell or transfer our shares

Post by kevinchess1 » Wed Aug 27 2014 6:16pm

I voted No
Tend to agree with Torus etal
It's a major change in the ethos and is probably against the original concept of Imutual
At the moment 5% of the shares is 260,000+ which is quite a lot of Shareholder I'm guessing as 3 of the biggest and Richard are against this
One final point, the shares are neither 'Worthless' or 'of no value'
They have an unknown value
Last edited by kevinchess1 on Wed Aug 27 2014 11:56pm, edited 2 times in total.
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magnificent7
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Re: POLL: We want option to buy, sell or transfer our shares

Post by magnificent7 » Wed Aug 27 2014 9:52pm

Squire wrote:Time to introduce the "disruptive behaviour" clause in the Sites Terms...
Joke???
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Kelantan
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Re: POLL: We want option to buy, sell or transfer our shares

Post by Kelantan » Wed Aug 27 2014 10:26pm

kevinchess1 wrote:I voted No
Tend to agree with Torus etal
It's a mange change in the ethos and is probably against the original concept of Imutual
At the moment 5% of the shares is 260,000+ which is quite a lot of Shareholder I'm guess as 3 of the biggest and Richard are against this
One final point, the shares are neither 'Worthless' or 'of no value'
They have an unknown value
I can go along with this, if there was a shareholders forty thousand club I would be eligible. I think a lot of shareholders would be needed to find the 5%

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Re: POLL: We want option to buy, sell or transfer our shares

Post by superman » Wed Aug 27 2014 11:29pm

Thanks everyone for following the discussion.

This is a serious issue and will effect us for years to come so well worth the depth of views.

POLL: We want option to transfer our shares to active member
viewtopic.php?f=3&t=44981

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