Esrimeur shows his ignorance by post 381 on the other thread, as it was the litigation department of Edwin Coe, including one of the partners, that pointed out that by refusing entry to the meeting, Buchler invalidated the meeting altogether. You cannot refuse entry to a properly legally appointed representative or proxy of a shareholder.
Each of the shareholders so effected can make a formal complaint to the DTI and force Buchler to hold the meeting again, where this time the press will be present to ask why the Chairman breached the Companies Act on the previous occasion.
Furthermore the DTI will be pointing out that Buchler was in breach of his duties as a director for failing to hold an 'effective' AGM during the calendar year.
Finally we can remind you, that it is possible to liquidate the company. Buchler threatened to do this in the past to get his way. Sadly the Scheme shareholders don't seem to have realised (but it will not have escaped Buchler) that the RA shareholders CAN liquidate the company and remove the current board of directors entirely.
So you see it is far better for Buchler to cooperate with the Opt Out shareholders rather than work against us. I don't need to remind you that our claim is greater than the company's assets. Technically Langbar is now insolvent as all the creditor claims (including Langbar's own lawyers and DB Consultants) are greater than the assets. Buchler needs the RA shareholders to obtain his bonus.
He can cooperate and win, or he can fight and be removed. It really is a no-brainer.
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