Articles of Association Amendment? - Printable Version +- ShareholdersUnite Forums (http://shareholdersunite.com/mybb) +-- Forum: Companies (http://shareholdersunite.com/mybb/forumdisplay.php?fid=1) +--- Forum: NQ Mobile (NQ) (http://shareholdersunite.com/mybb/forumdisplay.php?fid=26) +--- Thread: Articles of Association Amendment? (/showthread.php?tid=5352) Pages:
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Articles of Association Amendment? - thecrazykevy - 12-03-2013 Anyone know what this amendment is about that is being voted on during the shareholders meeting?
RE: Articles of Association Amendment? - tradestar2012 - 12-03-2013 It looks like its just a convention to make sure that if any "founders" ever transfer stock to an unrelated party, the class b shares convert to class a. Its just to make sure that control of the company stays with the founders of the company and not with some outside party. class b shares have preferential voting rights. RE: Articles of Association Amendment? - kevinh - 12-03-2013
'tradestar2012' pid='32719' datel Wrote:It looks like its just a convention to make sure that if any "founders" ever transfer stock to an unrelated party, the class b shares convert to class a. Its just to make sure that control of the company stays with the founders of the company and not with some outside party. class b shares have preferential voting rights. Aren't founders shares locked up? I don't quite understand what's going on here. I'm beginning to buy the premise that the insiders might be pledging the shares out for a loan and should they be unable to pay back the loan, the shares lose voting power so the founders still retain control of the company. RE: Articles of Association Amendment? - roxron9 - 12-03-2013
'kevinh' pid='32761' datel Wrote: From my understanding, this is for post lock up period and is being done in normal course of business. Else they will have to call a special AGM for this issue alone next year ? RE: Articles of Association Amendment? - AlphaMine - 12-03-2013 I agree with Roxron and believe most companies here handle this conversion issue at the time of the IPO. Therefore I see this as simple house cleaning, something that normally would have already been done. I don't believe it speaks to or implies any imminent intent of the founders to divest. Would you guys agree if I said this is something akin to having a first right of refusal against your partner's share (and controling power ie votes) of the business. So if your partner died and his stock Xferred you wouldn't wake up with a new partner unless you approve of it. RE: Articles of Association Amendment? - tacitusk - 12-05-2013 This thread was cited in a new article.
http://www.valuewalk.com/2013/12/nq-mobiles-bylaw-proposal/ RE: Articles of Association Amendment? - Mountainbiker - 12-05-2013
'tacitusk' pid='32847' datel Wrote: That is transparency! Nothing to worry too much. RE: Articles of Association Amendment? - AlphaMine - 12-05-2013
'Mountainbiker' pid='32852' dateline='<a href="tel:1386182 Wrote: That is transparency! Nothing to worry too much. [/quote It is good to see this forum's thoughts posed as the educated view on this subject as I feel they are! I hope the national notoriety brings many more people to this fine resource you have created ADMIN. I appreciate very much the input from all who post here and maybe numerous others will be made aware of it as well. RE: Articles of Association Amendment? - roxron9 - 12-05-2013 I wish I could have said same for Value walk: i.e they write educated articles ! They have asked a pointed question to the professors who possibly did not know the whole story. Did valuewalk tell them the whole story that the management's shares will go out of the lock up period in Sept 2014, rather does valuewalk author even know about it ? Valuewalk are the same guys who kept on running the article that Toro investment has around $100 million invested in NQ without even knowing 1:5 ADS conversion ratio. To my surprise they didn't remove the article even after noting that their article was completely false with no basis ! I rather not get quoted by irresponsible and sensation creating authors like these. Authors like these go by dozen in spam market! RE: Articles of Association Amendment? - kevinh - 12-05-2013
'roxron9' pid='32858' datel Wrote: I actually think this article is pretty balanced and straight forward. Just because the shares are locked up doesn't mean they cannot be pledged for a loan. |