* 4. a very strong resume
(message posted by Fufi, on 21.06.2011, at 09:26)
I dare you Make, tell us how it"s going to be at the General Shareholder Meeting, pretty please.
(From the BURSA website, on the article "NEPI joins the BSE, falls 1.95%")
It"s so hot, that the General Shareholder Meeting of the BSE scheduled for tomorrow may not even be held. There are three items on the agenda, of which the only ones to incite any interest are the payout of dividends by halving the share capital.
The other two items - the merger with Sibex and the introduction of the mandatory use of cumulative voting, in the case of the dismissal of the majority of the members of the Board of the Exchange - are surrounded by the same apathy that lingered around them in the previous general shareholder meeting, which didn"t even meet the quorum.
There will be no more attempts to start a revolution, because, after all, who ever heard of a revolution started by people sitting on the beach in their swim trunks?!
If it wasn"t for the dividend thing, I"d be willing to bet that the General Shareholder Meeting will not be held.
However, if it held, the reduction of the share capital of the BSE will be approved (money!, money!, show me the money!).
There was no one to present a plan for growing the BSE, to invest all that money lying dormant. The only idea, proposed by the managing director of the BSE, namely the acquisition of a smaller exchange in the region, didn"t spark anybody"s enthusiasm (the truth is we can barely handle the one we have).
The halving of the share capital eliminates this idea (let"s forget about it!) and will result in a reduction of the stock market capitalization of the BSE to a degree that can not predicted, as even the staff of the BSE admit.
The topic of the merger with Sibex, which would hold the f
