Sentences with phrase «nonvoting common»
The aggregate market value of the voting and nonvoting common equity held by non-affiliates of eXp Realty International Corporation was $ 2,329,987 based on 6,753,586 shares of common stock held by non-affiliates and last sales price prior to June 30, 2014, being $ 0.345 per share.
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This policy gradually hardened, until the NYSE in 1940 formally announced a flat rule against listing nonvoting common stock.
[20] In essence, this was an early version of the conflict of interest argument made below: promoters were using nonvoting common stock as a way of maintaining voting control for themselves.
The opposition to nonvoting common stock came to a head with the NYSE's 1925 decision to list Dodge Brothers, Inc. for trading.
The more important development for present purposes was the emergence of nonvoting common stock.
Long before 1940, Ripley had proclaimed the demise of nonvoting common stock.
While disparate voting rights plans were gaining popularity with corporate managers in the 1920s, and investors showed a surprising willingness to purchase large amounts of nonvoting common stock, an increasingly vocal opposition also began emerging.