According to reports, after 2 hours of deliberation, the 4 agenda items were approved all at once. This was apparently regarded as cutting off deliberation, and it became something like a riot. What are the shareholders thinking?
They could not secure a majority, so there is nothing to be done. Those are the rules.
“Because the uproar continued for more than ten minutes, the new directors, including Mr. Hiramatsu and Mr. Ochiai, reappeared on stage and hastily resumed a question-and-answer session for the several hundred people who remained. Some people suffered losses in the incident, and a woman in her 60s said, ‘I want you to buy my shares at the price I paid when I bought them at their peak. Shame on you.’ The confusion continued for more than 1 hour.”
(http://www.nikkansports.com/general/p-gn-tp0-20060615-46185.html）
Idiots. What are they thinking? People at this level should not buy stocks.
If they had looked at the financial statements, they should have known from the start that it was an empty business.
Even if one says, “Those financial statements were false,” it is the same when viewed across the group as a whole. In any event, they were junk stocks.
Well, there are plenty of other junk stocks too. The kind that makes you wonder why anyone would buy them. But those stocks are popular with amateur individual investors, aren’t they? Why, I wonder…