Quote:
Originally Posted by benwilliams
Worth reading the board response to Bryn's proposals based on legal advice received. I was initially attracted by Bryn's resolutions but worth reading the whole context.
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Who in their right mind pays 5k for a second meeting when the board can just tell them to do one anyway and don't even have to tell members? You'd have to insane to pay 5k just to propose something.
No wonder we're constantly told "there's no one out there".
Furthermore, the fact the potential investor must then make a 5k payment to facilitate a second meeting and provide a business plan and proof of funding, but the Society board still has the right to end the process at this stage without disclosing the detail to the membership is unlikely to encourage credible investors to pursue the process to this stage.