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EGM to be called


NLVMalc

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I understand what you are saying and it is correct in theory.But in a way they are voting for themselves,is it right to vote for yourself?

 

Well a 'vote of no confidence' doesn't actually achieve anything...they wouldn't have to step down....it's just a statement really.

 

A resolution for 'the removal of the directors' would need to be passed....any shareholder, director or not, could vote on this.

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I look forward to my letter inviting me to the EGM.2 points,we must have a vote of on confidence of the board thus not allowing the board to vote for themselves,point 2 it must be 1 vote per shareholder,the argument against this in my view is futile as I assume who ever calls the EGM should have the say of how it is run....... LB...... please tell me if am rite or wrong please ....

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Surely it's the same as voting yourself in/out which you can't do?

 

Exactly the point that i tired to make a while ago.

 

So is there any legal way to stop the board having a vote.If so this would then show a true representation of the fans.

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Surely it's the same as voting yourself in/out which you can't do?

 

A vote of no confidence isn't really a legal resolution.

 

If a resolution to remove a director is put forward, he as a shareholder could vote...what would happen in a two director company where one tried to vote off the other??

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Is it the right of the persons calling the EGM to have one man one vote if not as the Board have 30% then it is impossible to get 75%.....also that Williams 25% non-vote is like a sleeping partner in support of the Board.

So it has got to be one man one vote or there is no point in calling an EGM....

although the 55% required as a vote of no confidence to get rid of the Board could be achieveable....just on shares held that 75% inorder to remove the 24.9% rule and accept the Mo Chaudry bid is just not possible.

Expect the V2001 Directors to suddenly find some cash to buy up enough shares to be safe and block anyone else buying them....so it has to be one man one vote.

The EGM at very least should achieve a vote of no confidence and remove the Board then an interim Board can call another EGM based on one man one vote.....just thought must remove the £50,000 rule for "incoming Directors".....anyway then Mo Choudry and friends could buy up shares as

the Board would nolonger be in the way of progress.

It might be an idea to call an EGM twice....one now for 28 days and one the

day after for 28 days and if the V2001 Board block one man one vote then the first EGM could just be to vote them out and the second could then be

one man one vote inorder to get the 75% needed for progress.

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Is it the right of the persons calling the EGM to have one man one vote if not as the Board have 30% then it is impossible to get 75%.....also that Williams 25% non-vote is like a sleeping partner in support of the Board.

So it has got to be one man one vote or there is no point in calling an EGM....

although the 55% required as a vote of no confidence to get rid of the Board could be achieveable....just on shares held that 75% inorder to remove the 24.9% rule and accept the Mo Chaudry bid is just not possible.

Expect the V2001 Directors to suddenly find some cash to buy up enough shares to be safe and block anyone else buying them....so it has to be one man one vote.

The EGM at very least should achieve a vote of no confidence and remove the Board then an interim Board can call another EGM based on one man one vote.....just thought must remove the £50,000 rule for "incoming Directors".....anyway then Mo Choudry and friends could buy up shares as

the Board would nolonger be in the way of progress.

It might be an idea to call an EGM twice....one now for 28 days and one the

day after for 28 days and if the V2001 Board block one man one vote then the first EGM could just be to vote them out and the second could then be

one man one vote inorder to get the 75% needed for progress.

 

Shareholders can demand one share one vote so simply removing them as directors won't allow the show of hands method unfortunately

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A vote of no confidence isn't really a legal resolution.

 

If a resolution to remove a director is put forward, he as a shareholder could vote...what would happen in a two director company where one tried to vote off the other??

 

So basically the scrotes on the board could still have us by the nut's?

 

Our best chance is to get the directors who have stepped down,RW all to vote with us.

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CHRIST .....If what ANIMAL is saying is true,then whats the point in calling an AGM,us poor small shareholders who are the majority have no chance of getting anything through against the rich minority shareholders unless we can get ROBBIE on board,as anyone managed to contact him yet ?

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A vote of no confidence isn't really a legal resolution.

 

If a resolution to remove a director is put forward, he as a shareholder could vote...what would happen in a two director company where one tried to vote off the other??

 

Surely though voting to remove a director is the same as voting one on, where the director can't vote for himself?

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CHRIST .....If what ANIMAL is saying is true,then whats the point in calling an AGM,us poor small shareholders who are the majority have no chance of getting anything through against the rich minority shareholders unless we can get ROBBIE on board,as anyone managed to contact him yet ?

 

That's pretty much correct!....may be able to scrape 51% but unlikely.

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That's pretty much correct!....may be able to scrape 51% but unlikely.

 

In that case the next and only option is ......

 

 

 

 

 

 

 

 

Starve them out.

 

 

This must be the only thing that they(Virus 2001) have got right in their eye's since the day that they took over.

 

ie Let's abuse our trust and insult the fans that are willing to give us money.

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