Post
Topic
Board Securities
Re: [BTC-TC] Virtual Community Exchange w/ Options, DRIP, 2FA, API, CSV, etc.
by
ventolin
on 05/09/2013, 21:06:57 UTC
There seems to be a fundamental misunderstanding at work here. Simply having more shares does not entitle one to advanced knowledge of the inner workings of a company, save in the case of companies that have board members or an advisory board. Company officers that provide such information are indeed benefiting one group of virtual shareholders and putting another group at a disadvantage, but there's no way to police this. The transaction that you've referenced with my company occurred at a share price of .61 and every investor that held shares at that time benefited as they were afforded an opportunity to sell their shares at a higher price and their shares then received higher dividends. As this transaction was necessarily preceded by a public shareholder vote due to bASIC-Mining's unchanging contract everything was done transparently in the light of day.

Cheers.

I can't remeber public shareholder vote due to bASIC-Mining's about it before 18 jule:

http://commondatastorage.googleapis.com/share100%2Fbasic-miner.png

[UPD]: And public vote not protect minor shareholders.