12-16-2004, 05:25 AM
I know this is a little late, but I was too lazy to comment on it before....
True, but 20% is very significant and if someone with a 20% stake in your company says to do or not do something then you are definatly going to listen up. Plus 20% may have made them the largest single shareholder, which again is quite significant. Plus I do remember that Sony were threatening to buy out a further 31% which would have given them a majority stake if Square did not do what they wanted.
Schutz Wrote:Yea but you are forgetting a major thing.. 20% isn't majority.. They can't decide what a company does with only 20% you need 51% to be able to decide what a company can do. since your vote does 51%.
True, but 20% is very significant and if someone with a 20% stake in your company says to do or not do something then you are definatly going to listen up. Plus 20% may have made them the largest single shareholder, which again is quite significant. Plus I do remember that Sony were threatening to buy out a further 31% which would have given them a majority stake if Square did not do what they wanted.
"The best way to a girls bed is trough her parents, have sex with them and your in for sure!" -- Zap Branigan