Rsv Shareholder's Action Group

> Harvester
Thank you for your kind comment.
If you look at my response to MonoMono you will see that I have a little difficulty with your suggestions on voting rights.

I simply dont see why in principle anyone should have a right to vote until his money is in the hands of the seller. The settlement period has been shortened a lot in the recent past, but we must remember that a great many investors large and small still trade on credit and long settlement periods. If the present process were changed any solution has to address the issue of votes cast by persons who subsequently fail to pay. Nor can we have different rules for those on rolling three day, 10 day or 20 day settlement. What about people who might buy for a few hours for the purpose of voting and then sell their shares before word of the voting decisions has been circulated?

I do, like you, feel slightly uncomfortable with the idea that (in theory at least) the majority of registered shareholders might have sold their shares when casting their votes. I think this is largely hypothetical but if there is real worry then there is a simple answer which is to suspend trading for a few days before any EGM so that only registered holders who have not sold their shares can vote!!
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