On Tue, 3 Feb 2009, Charles Reiss wrote: > I suppose the outcome isn't too bad if this is not treated as a > special case, a corporation owning a majority stake in itself would > effectively lock out action expect by means allowed by the > corporation's contract (assuming we allow that mechanism; if we don't > then this is obviously a problem), but to maintain this, the > corporation would need to pay a (hopefully) non-trivial upkeep cost.
The 10% tax (of shares returned to the bank for reauction, not to the corporation) would require the corporation or its representative to re-bid if it wanted to keep control. -Goethe
