'Palm' pid='79764' datel Wrote:You're exactly right 2126; law says you can do what you are doing and be OK. Exxon can say what they want and threaten whatever, but the law will prevail. I'd guess you're not too concerned.
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It was pretty clear, except to JFT, what the situation was in selling, holding and dissenting. It was obvious (again, except to JFT) these were different accounts, which 2126 confirmed.
I don't think Exxon is threatening anybody. Dissenting shareholders have to follow a certain procedure which is laid down in the relevant law. The MIC simply tells shareholders what the procedure is and the penalty for not following it. I would say that it's information to be applauded, not threatening. Not every shareholder has access to law teams.
Will Exxon play hardball from here on? You betcha! Exxon has high ethical standards and goes to great lengths to protect its reputation. At the same time, they know their way around a courtroom. Being concerned is a healthy reaction, but it's not in response to threats.