Replies to post #10740 on UNICO INCORPORATED (AZ) (fka UNCO)

[leonobadgley]

Derb, are you saying management, relatives and friends already have
control of 51% of Class-A shares?

[trader guy]

Derb,

You said, "Secondly, from the wording on the loss on financing, it appears that the last couple of lawsuits may have gone off at 10-1 rather than the more customary 5-1.

This could mean that there are already a substantial number of shares tucked away to swing an outcome. It has been customary for the settled shares to be held in escrow under management control of the vote with lawsuit shares until they are released."


Would you care to explain this in further detail?

Also, if this were the case, wouldn't this have to be revealed to the shareholders in the proxy?