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To: Reginald Middleton who wrote (126)7/28/1998 1:54:00 PM
From: EL KABONG!!!  Read Replies (2) | Respond to of 253
 
Reginald,

I would respectfully disagree with the "How can you own too much of the company stock" rhetorical question.

It is my belief that when one person or group controls too much of the voting shares, they sometimes develop an omnipotent attitude. Stockholders meetings, votes and things like that become even more scripted than one would normally encounter. The small shareholder goes from having a small say to no say at all.

Even when you have a relatively good leader/owner in control, what happens when/if that person is suddenly disabled or passes away? What about the heirs? Are they as good as the deceased was? Instead of passing away, what if the big owner just suddenly decides to release an inordinate amount of shares into the float? No, it's a risk factor that I prefer to avoid. Just my opinion though.

KJC