8 ms·
No what I mean is that he sold the shares, these shares came with a liability. When he sold his shares to Thiess John Holland, why didn't the liabilities go wit
by netsp 17y ago
No what I mean is that he sold the shares, these shares came with a liability. When he sold his shares to Thiess John Holland, why didn't the liabilities go with them?
- ericwaller 17y agoHe only sold the voting rights associated with the shares in that transaction.
- netsp 17y agoIn that case, I don't understand. Why couldn't every shareholder with unwanted stock do this, less receiving money in exchange fore his/her voting rights? Put differently, if this is possible and legal, what keeps everyone else liable?
- crc32 17y agoI think in most circumstances, nobody would want to buy the voting rights. This was an unusual situation in which Theiss paid for the voting rights to vote against the interests of the share holders.