THE 200K ENERGIS CLUB

Thanks for the reply Adrian.....just a political ploy then, a delaying tactic....so as not to become an election issue.The question is, will the outcome of the bill be seen in a more favourable light should the Tories come to power?....While I`m on the boards,when are the ESAG going to make a stand against Cheyls,objecting to the scheme of arrangements...even`the 1985 Companies Act` under which the shceme of arrangements was issued, allows, under article 427, paragraph 3 section (e) `that the scheme of arrangement makes provision for dissent`....I`m sure we have enough `ammo` now.?....Personally I`m curious how they are going to get around part 151 (1) which states that financial assistance under `the scheme` is forbidden......how will they explain the £150m imput....I noticed that they envoked clause 371 (1) to get around the majority rule situation...`whereby ````one memeber of the company in person or by proxy be deemed to constitute a meeting`....therefore the reciprical must also apply....that a single shareholder may be classified as a legal `dissident`....and put his/her case towards the courts......if we don`t get any response or advice from th ESAG....we`ll have to go it alone.....wish us luck.