When money is involved I am sure they would post on a forum ( Most Cashback site users on all sites are not the slightest bit interested in its forun so they and others may not appeal by that route for that sole reason) ) or meet in person for lunchrichard@imutual wrote:[
Well, in my experience, 'dodgy' members don't post much on forums. The mere fact that they have opted to use the appeals process will, I believe, be a pretty good sign of their trustworthiness.
expressman33 wrote:I agree with Kevkevinchess1 wrote:peaches40 wrote:I have been watching this thread with interest and just thought I'd express my two pennies worth
It is my belief that the whole idea of a "mutual" or "co-operative"is operated on the basis of one member, one vote system.
We are a Mutual company With Share holders
We are all encourage to earn shares.
The people who earn the most shares should have a bigger say than the people who shop around for thye best cashback
What is the point of me focusin on IMUTual only to be told I have the same vote as JBloggs who join yesterday cause he wanted to buy a DVD from play.com and make himself an extra penny casbac and has no interest in Imutual beyond that extra penny?
but I disagree with RichardIt's not our profits until Imutual starts paying a dividendrichard@imutual wrote: Ultimately, it's your profits that we pay these claims out of
Thank you kevinchess1 for making this post readable. For once I actually read one of your posts and found it understandable. Normally being naturally lazy I do not even bother to try reading them.kevinchess1 wrote:We are a Mutual company With Share holderspeaches40 wrote:I have been watching this thread with interest and just thought I'd express my two pennies worth
It is my belief that the whole idea of a "mutual" or "co-operative"is operated on the basis of one member, one vote system.
We are all encourage to earn shares.
The people who earn the most shares should have a bigger say than the people who shop around for thye best cashback
What is the point of me focusin on IMUTual only to be told I have the same vote as JBloggs who join yesterday cause he wanted to buy a DVD from play.com and make himself an extra penny casbac and has no interest in Imutual beyond that extra penny?
Excellent idea in principle, however the tiers example still means voting is likely to be decided by those who hammer the no spend offers as opposed to giving a much more equal say to site/forum loyalists who spend more time contributing to the forum for significantly less share rewards1960mackem wrote:[My thoughts on this issue (please feel free to comment)
Voting rights could be on a tiered system based on the same way banks/building societies pay interest e.g.
1-999 = x votes
1000-1999 = 2x votes
2000-2999 = 3x votes etc
this rewards loyalty but also takes away the monopoly power if the top 2 or 3 shareholders owned more than 51% of the shares, but gives them a bigger say in the voting system
So do I - if we have to have this voting process, than obviously one person has one vote.cashbacklover wrote:peaches40 wrote:I have been watching this thread with interest and just thought I'd express my two pennies worth
It is my belief that the whole idea of a "mutual" or "co-operative"is operated on the basis of one member, one vote system.
States here in "vision" that "we aim to create the UK's largest "consumer co-operative"; http://www.imutual.co.uk/aboutus
At the end of the day we are all equal, doesn't really matter if you've millions of shares they're all currently worth the same - Zero
I agree with Peaches40
probably wouldn't work in that format1960mackem wrote:
my thoughts on this issue (please feel free to comment)
Voting rights could be on a tiered system based on the same way banks/building societies pay interest e.g.
1-999 = x votes
1000-1999 = 2x votes
2000-2999 = 3x votes etc
this rewards loyalty but also takes away the monopoly power if the top 2 or 3 shareholders owned more than 51% of the shares, but gives them a bigger say in the voting system
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