New shareholders letter

[IsleworthRanger]

Anyone else received a shareholders letter this morning?

I cannot make head or tail of it but it seems to be about Sea Dreams shares but hopefully someone can explain all

[IsleworthRanger]

[PeterG]

only had a quick read through so far but the gist is setting out the numbers of directors that Tonys lot (Tune) can appoint and the number Amits lot can (Sea Dream) which is 3 v 2 plus 2 independants (approved by both tony and amit) and how and board level voting takes place,

Tony has the right to appoint Chairman, Amit can choose vice chairman

telling point is this i think

"The Tune Directors shall always be entitled between them to exersize one more vote than the nember of sea dream directors present at any meeting"

Pretty much sets out that Tonys side cant be outvoted by Amits side or (i think) amit plus independants) So Tony is the daddy

Also gives the right to convert loans/securities into shares through additional share issues as required

Thats pretty much it I think plus a few adjustments to general articles

[QPR1976]

Exactly wot I thought !?!?!

Them business accountant types don't 'arf use a lot of fancy words.
Too many. Need a degree in giberish. Lucky I got one.