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davidlmorgan85
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by davidlmorgan85 » Thu Aug 28 2014 7:09am
Could this be open to abuse?
People registering to get the free shares then transferring them in to there main account?
Founder of cardiffdogsitting - Dog boarding and dog sitting service
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richard@imutual
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by richard@imutual » Thu Aug 28 2014 9:16am
richard@imutual wrote:Before people start voting, it might be best to have a more detailed discussion of the idea
To repeat my comment from the previous thread:
On the separate suggestion of being able to sell or transfer shares to others. This does have some merit, but has significant legal implications. When we drafted the original T&Cs and shareholder agreement, we needed a model which avoided any legal / regulatory complications and made the company as easy to adminster as possible.
Can someone spell out exactly how this would work:
- are we talking about floating the company or creating some kind of internal trading systems
- If the latter, how do we do this and what are the legal / regulatory implications
- What would be the costs (esp. legal) of setting up and maintaining the process
- What would the benefits be? Is there any evidence of demand for the shares at this stage?
I just think the poll is very premature, as the details haven't really been fleshed out
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blythburgh
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by blythburgh » Thu Aug 28 2014 10:23am
I refuse to vote, this has been done to death. As Richard has pointed out there are dangers and it needs to be done properly and the correct place and time is the AGM.
And like all publicly listed companies it should be one share one vote not one member one vote.
Keep smiling because the light at the end of someone's tunnel may be you, Ron Cheneler
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blythburgh
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by blythburgh » Thu Aug 28 2014 10:25am
superman wrote:50% yes.
Not over 'til the fat lady sings
Yes: 25%
I think your current polls have less chance of success than the yes vote in Scotland and even that is behind in the polls.
Keep smiling because the light at the end of someone's tunnel may be you, Ron Cheneler
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BeautifulSunshine
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by BeautifulSunshine » Thu Aug 28 2014 11:36am
davidlmorgan85 wrote:Could this be open to abuse?
People registering to get the free shares then transferring them in to there main account?
Safeguards would need to be put in place. For example active member for at least a year.
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Squire
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by Squire » Thu Aug 28 2014 11:36am
Where is the disruptive behaviour clause when you need one???
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magnificent7
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by magnificent7 » Thu Aug 28 2014 5:04pm
Squire wrote:Where is the disruptive behaviour clause when you need one???
Déjà vu???
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Richard Frost
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by Richard Frost » Thu Aug 28 2014 9:07pm
Well if nothing else all this rubbish helps keep the forum alive. Can't see any other point. There seems to be no real discussion making the case for the proposal..
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