Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Yesterday’s Extraordinary General Meeting at Wessex Exploration (WSX) was a bad day for retail investors. But a good day for private investor activism. The beleaguered failed Board held on to their overpaid director fees and expense accounts by the skin of their yellow teeth.
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