Replies to post #3089 on Accel Energy AG

[frankie_fillet]

DIDN'T AC have the majority himself with the AS... it was a pink... shareholders need not apply if the management holds the majority. No?

real

[jimmenknee]

Hi PG3 :-) This is where the voting rights to the Preferred Shares & Articles of Incorporation are important to understand as they relate to the statutes.

We don't know with exactness what they state as it relates to voting, but a very good speculation is that they gave unanimous/majority voting ability without having to include/count all votes.

I've mentioned this in PMs that I still feel the wording of the statute would require notification of the vote to be sent to all shareholders & that that may be a course of action to take against the company.