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Old 6th June 2019, 09.03:20   #25-0 (permalink)
Pieman
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Default Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes

Quote:
Originally Posted by Phils-an-alki View Post
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.
Totally agree the whole set up has been manufactured to deter any bids. A potential buyers legal team would look at it and advise not to bother imo