RF & RST now have voting rights over almost 6% of club

[WATP_Greg 0]

How would one go about buying those shares for example out of curiosity? Would they literally phone them up and say fancy selling or does something else come into play?

 

They could have approached the RST - or someone else who then informed the RST

[Laudbertz 0]

Would it be Easdale himself that would have to give the 'ok' on selling the shares as he holds the proxy, or can they sell without having to go through him?

Im hoping its the former as it shows he's ready to get to f...leave.

[forlanssister 3,050]

Would it be Easdale himself that would have to give the 'ok' on selling the shares as he holds the proxy, or can they sell without having to go through him?

Im hoping its the former as it shows he's ready to get to f...leave.

 

Bugger all to do with Easdale if any of the proxies want to sell.

[craig 5,195]

They could have approached the RST - or someone else who then informed the RST

 

Could also be as easy as contacting the broker nominees and asking what shares are available from existing shareholder. Broker then reaches out through its distribution channels and finds a willing seller. It is unlikely at this point that any pro_king/T3B shareholders would be selling their investment. The only sellers right now are likely neutrals and pro-Board - so it was a fairly safe bet in picking up shares that they would, at the very least, move from "unknown" to "good guys" - a bonus that they went from the "bad guys" to the "good guys".

[craig 5,195]

Would it be Easdale himself that would have to give the 'ok' on selling the shares as he holds the proxy, or can they sell without having to go through him?

Im hoping its the former as it shows he's ready to get to f...leave.

 

The ONLY thing that proxies give Easdale the authority over are VOTING patterns. When someone proxies they are saying "If there is a vote then I trust you enough to use my shares to vote along with how you vote for your own shares" - in fact, you can proxy your vote to someone and still stipulate that they vote however you wish them to vote.

 

Having proxy gives absolutely no right whatsoever to the proxy holder to determine what they can do with the shares - you still OWN them.

[Laudbertz 0]

Well, at least im learning new things, there's a positive to come out of this at least.