Ok. Got it. Although, in essence, the WS vote is the real vote. The share holder vote is merely going to end up recording/reflecting the decision of the WS, WRT to accept/reject proposal, since it holds 71% of the shares.
Right! So that means the WS has to conclude its voting process prior to casting a vote as a shareholder. So the share holder voting and WS voting can’t be at the same time, which is what someone else had mentioned earlier.
I have no issue with your point that some people will be able to vote on the WS decision as well as casting votes as an individual shareholder. That makes complete sense and is as it should be.
Ok I’m confused (seems normal mode for me on this) surely WS vote has to occur first in order to cast the WS vote as the 71% shareholder at the exec. Board vote? Perhaps I am not understanding how many voting instances there needs to be and what each one is about?
But the idea is for Barmack to bring in more money/investment for the club so that there will be enough coming in to make a difference. However, that’s pretty much a pig in a poke so far. Seems to be very Trumpish, has an idea but no plan or details.
Sounds like WS rules may need updated to ensure the members have their say on major decisions so that the board have to vote per the majority wishes of the WS members, and not on what they think is best?
Definitely money wise you are correct but my understanding is that he would bring further financial benefits into the club using his skills and contacts. However, that is a very nebulous statement with no plan proposed or metrics to measure success. Reminds of Trump. I’ll do this or do that but there’s never any plan to actually get it done which of course results in nothing getting done. So I think we are basically taking a gamble (with WS betting the shirt off their back) on EB being able to perform with very little consequences for him if we Lose the bet.
Well let’s hope the WS lay it out nice and simple for the members to review and vote on. Already been summarized in a good manner on several posts and when presented like that it’s really hard to come to the conclusion that it’s a good deal. Especially when you consider there doesn’t appear to be a concise clear plan, with measurable metrics, put forth by EB as to how the club is going to benefit or how he is going to benefit. Pretty much it’s, do this (which seems not good) and I’m in charge.