First I am not a lawyer so maybe what WGM is doing is legal but it appears to me that by requiring everyone to submit their ballots and their releases under such a short time period, it will mean that some people will lose out simply because some third party (their broker) doesn't comply with the rules. They are potentially taking a valuable piece (potential shares of the NEWCO) of property without compensation. I find it hard to believe some attorney would not be filing suit to protect the interests of people left behind and frozen out of the NEWCO shares simply because the voting period was so short and the voting procedure was so Byzantine that for many people it will be impossible to comply. WGM stalled for over 3 years and now they want to wrap up voting in little more than a week. If we don't get our ballots until the January 23rd or 24th and they are due back by February 3rd, or possibly the 6th, there will be deadlines missed. This is a train wreck just waiting to happen. The timing for the releases (Feb 28th) (there should also be a separate ballot just for releases for those that miss the voting deadline) has to be extended and I hope this is made clear at the POR hearing.
Link:
messages.finance.yahoo.com/...=-1&rt=2&frt=2&off=1
Jetzt hängt es von unseren Brokern ab wie schnell die Unterlagen in den USA sein werden.
Dazu, leicht steigende Kurse unserer Wamu was manchen der Abstimmen wollte seine Shares doch verkauft (und der neue Käufer fällt aus der Abstimmung heraus, die neuen Anteile werden auf immer wenigere Aktionäre aufgeteilt), ich kann nur schreiben... Das ganze läuft Generalstabsmäßig ab.
Der Schuldige ist und bleibt der kleine Aktionär weil Er nich schnell genug seine Unterlagen abgegeben hat und evtl. sein Broker der die Unterlagen zu spät abgeschickt hat.
Also, Freunde reagieren heißt es jetzt....................
Odin
Ps:
Wie immer, meine per. Meinung