Mickblog

You know what sucks about blogs? You can’t just say whatever you want because you’ll get sued or something. So I have to be careful what I say here.

There was a company general meeting today, at which the decision to effectively let this other company buy our shell was voted on. I didn’t atttend, mostly because I thought I would effectively have no voting power - the largest shareholder has (had) about 35%, and nobody else wanted to vote against him.

This is a BIG deal we’re talking about here - the “other company” owns technology which looks like it is going to make it possible to get oil out of oil shale. There is allegedly enough oil in shale deposits to keep the world running on fossil fuels for another few centuries. And this company could get royalties off anyone that they license this technology to.

Turns out the biggest shareholder didn’t vote - he’s apparently too busy with things bigger even than this. If I had attented the meeting I would have had full voting power.

Damn I’m sorry I missed that.

I would likely have abstained anyway. I could have voted to keep the business going with just utbox for a bit longer, but then I would be in the same position I am in now (all the responsibility and none of the power), and I wouldn’t have made many friends. I could have blown the other company’s plans out of the water (the will likely play a big part in accelerating the greenhouse effect), but they would likely have just found another way to achieve their aims.

But at least I could have held that decision in my hands for a while, and maybe given certain interested parties a fright while I callously tossed it about in the air while I decided what to do with it.

So now I have essentially no financial stake in the business I’m working in. The way things seem to be headnig, the future for utbox is not one I am going to want to be a part of, so I’ll be handing the job of running it over to its owners, whoever they may be at the time. Don’t panic if you’re a customer - it’s not going to be wound up, I’m sure of that much. Regardless, I’m back to square one, in a sense. But, I have more interesting plans for my next big adventure. Stay tuned.