Thursday, March 31, 2011

Shares for Everyone?

So, this article showed up in my newsfeed today. It's extremely bare-bones, little more than a headline and a few notes, with an out-of-context picture from a U.S. stock exchange stuck in the middle.

The article's premise is that every citizen of Mongolia will get 536 "ordinary shares of the Tavantolgoi deposit."

Does this mean the people get voting power? In which commercial entity are these shares? If they're "ordinary," that implies someone has preferred shares somewhere, and I'd expect those to be scheduled in some way. How much power above the ordinary shares do those have?

Will the Ikh Khural fade away before the awesome power of the Shareholder's Meeting of some dystopian Mongolcorp?

Perhaps it's because I've been distracted for a while, but this seems like an immensely important story. I'm sure there's more to it out there somewhere.

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