T McGibney
Registered User
- Messages
- 7,297
"Investors should form a representative group, then track down the directors and demand a meeting.
.... so investors should meet and arrange such things, and possibly put a small "fighting fund" together (to convert expenses), prior to trying to meet the directors.
If regular updates weren't promised, in the original investment prospectus, then there's almost no leverage here.
A significant group of investors might also attempt to force a change in the managers/directors of the fund, if they have good reason."
See the caveat in my post above
"On top of that, most if not all of the forestry funds which were marketed back then did not sell ordinary shares to investors but a class of preference shares that conferred limited or no rights to control or influence the future direction of the investee company."
If this fund followed the same playbook as the others of its ilk, the investors are preference shareholders and are therefore powerless to do anything.
.... so investors should meet and arrange such things, and possibly put a small "fighting fund" together (to convert expenses), prior to trying to meet the directors.
If regular updates weren't promised, in the original investment prospectus, then there's almost no leverage here.
A significant group of investors might also attempt to force a change in the managers/directors of the fund, if they have good reason."
See the caveat in my post above
"On top of that, most if not all of the forestry funds which were marketed back then did not sell ordinary shares to investors but a class of preference shares that conferred limited or no rights to control or influence the future direction of the investee company."
If this fund followed the same playbook as the others of its ilk, the investors are preference shareholders and are therefore powerless to do anything.