I have been a P&W stockholder for quite a while. I just got a proxy on whether or not I support the sale. With Mr. Eder holding the majority of stock, isn't this academic? Is the charter still set up that each stockholder get the same number of votes, whether holding 1 share, or 1 million shares?
This seems unusual to me. I was a Delaware Otsego stockholder for a long period of time and Walter Rich always had a majority control but we always voted our shares. I have never heard of a stock corporation that allowed only one vote no matter how many shares were owned. Delaware Otsego was very good to me so I did not ever have any problems with the way it was managed.
Noel Weaver