Agree. FYI, ire-tex has over 55% shareholder vote, and over 95% voted to remove the jokers. Agree that there is a loophole in the corporate system, whereby "votes" which is numbers and facts, being twisted by criminals, especially lawyers, using words or technical bull sheet, deny shareholders rights and decisions. Means, bull sheet overshadow 55% majority shareholder results? What kind of screw up system is that?
Usually the shareholders' fight, both side has a share. This ire-tex fight is pure criminals, the directors have no shares, and intention to kill the company and cause harm. obviously for personal benefit, not shareholders right.
Agree if law set 51%, 75%, etc, certain milestone met shall allow shareholders to carry on with their "results", not some words or spelling typo bull sheet by the fired staff.
More and more such abuse may happen since a staff can blackmail the owners anytime; prime minister fires a staff, can cost country upside down if the staff does this. Maybe that is why there is a special force in the country - to just eliminate jokers who plug within the system. Unfortunately, the corporate world doesn't have such street cleaners. While waiting for upgrades in the legal system. By the time, many corporate victims would have cost the country a generation of loss.
Blog: Ire-Tex Corp Bhd's Elite Cosmo requests for another EGM to remove directors - TheEdge
2017-06-09 14:21 | Report Abuse
Agree. FYI, ire-tex has over 55% shareholder vote, and over 95% voted to remove the jokers. Agree that there is a loophole in the corporate system, whereby "votes" which is numbers and facts, being twisted by criminals, especially lawyers, using words or technical bull sheet, deny shareholders rights and decisions. Means, bull sheet overshadow 55% majority shareholder results? What kind of screw up system is that?
Usually the shareholders' fight, both side has a share. This ire-tex fight is pure criminals, the directors have no shares, and intention to kill the company and cause harm. obviously for personal benefit, not shareholders right.
Agree if law set 51%, 75%, etc, certain milestone met shall allow shareholders to carry on with their "results", not some words or spelling typo bull sheet by the fired staff.
More and more such abuse may happen since a staff can blackmail the owners anytime; prime minister fires a staff, can cost country upside down if the staff does this. Maybe that is why there is a special force in the country - to just eliminate jokers who plug within the system. Unfortunately, the corporate world doesn't have such street cleaners. While waiting for upgrades in the legal system. By the time, many corporate victims would have cost the country a generation of loss.