Quote:
Originally Posted by SebC
Is it known that he has a controlling share? Or are you just saying that it's possible?
|
It is definitely possible, so it is possible he has a controlling share. A lot of companies require 2/3 majorities so if there is anybody with 33.4% or more you need their support otherwise they can block any vote and therefore are considered to have control of the company.
Edwards has 36% of Imperial Metals so if they are one of these companies he would have that control. I mean the controlling shareholder could also get voted down every time but company voter turn out is generally similar to election voter turnout so it is unlikely. Now if two people each had a 1/3 share then things would get really crazy.
Anyway, that's really all I felt I could contribute to the discussion, bit I also didn't notice the aforementioned post saying he had a majority so really I'm just needlessly keeping this thread bumped.