Nuns Buy Controlling Stocks in Gun Companies to Destroy Them

[mg42doc]

Catholic Nuns Buy Controlling Stocks in Gun Companies to Destroy Them

An anti-gun/anti-Second Amendment publication, The Trace, reports that a group of Canadian and U.S. nuns and other Catholic activists want gunmakers to actively monitor violence committed with their product. That’s not all, they plan to make them engage in corporate governance. To make this happen, they bought stock – enough to make them bend to their will.

They must have a lot of extra cash lying around....should be saving it for the victims of diddler priests instead.

 

[Shark_Cage]

Sounds like they don't have a controlling share but intend to convince other shareholders to agree. Clever, especially if Soros and Blumburg join in. It this gets traction I hope some companies can go private.

F hem and their filthy habits.

 

[Waher]

Shouldn't they be focused on eliminating the child molesters within their ranks?

How about preaching that just because you wear a cross doesn't mean your going to Heaven as well. Waaaay too many gang bangers sporting giants crosses and religious tattoos without the devout lifestyle to match.

 

[Bob P]

f***ing nuns.

 

[Boris]

Nuns should stick to religion, my be reach out to the pedo priests. This is a great indication that they got way too much money coming to them.

 

[enbloc]

 

[Inside Out]

Cute, but the amount of capital needed to buy a controlling share of a public company (hundreds of millions of dollars) is generally unattainable for an individual. Activist shareholders who are extremely wealthy can sometimes succeed in obtaining one or two board seats but even that requires more money than a few nuns and their friends can scrape together.

And it would be pretty foolish for someone to commit that kind of capital to an enterprise only to run it into the ground, effectively wiping out their investment.

I'm not too worried.

 

[Bob P]

Cute, but the amount of capital needed to buy a controlling share of a public company (hundreds of millions of dollars) is generally unattainable for an individual. Activist shareholders who are extremely wealthy can sometimes succeed in obtaining one or two board seats but even that requires more money than a few nuns and their friends can scrape together.

And it would be pretty foolish for someone to commit that kind of capital to an enterprise only to run it into the ground, effectively wiping out their investment.

I'm not too worried.

Read the article. They don’t need a controlling share, they just need to get the issue voted on by the other stockholders

 

[headednorth]

Ruger's market cap is a little over 1.1 billion

 

[Inside Out]

Read the article. They don’t need a controlling share, they just need to get the issue voted on by the other stockholders

I read it. Again, it's cute, but not really how corporate governance works. If it were that easy, everyone in the Nike thread would buy a few shares and oust the execs that hired Kaepernick.

 

[snax]

Dilute existing shareholder stake by issuing stock to employees, NRA members, etc.
You'd kill the stock price tho.

 

[EddieCoyle]

Thanks Nuns, we got this. Why don't you clean up your own f***ing backyard, OK?

 

[Rob Boudrie]

It only takes 1 share to get a seat at the annual shareholder's meeting.

 

[Masswhole]

 

[greencobra]

Sounds like they don't have a controlling share but intend to convince other shareholders to agree.

if the shareholders are making money that ain't gonna happen. money talks, god walks.

 

[Peicemaker]

Well, the pope is a commie, so......

 

[67ray]

Many companies have their group of fringe investors who get ridiculous questions in front of the shareholders during the annual meeting. These questions don't change the requirements a company has to report to the SEC as a public company.

It is interesting that Ruger claims they are considering the request based on the 69% who voted in favor of it. Still no requirement though.

 

[spcantwell]

I thought nuns took a vow of poverty? So are they not really nuns or just not really religious?

 

[Obie1]

This is highly common. Virtually every public company has shareholders who have bought a few shares so they can introduce resolutions at the annual meetings, and they are always, yes always, voted down.

 

[dingbat]

Thanks Nuns, we got this. Why don't you clean up your own f***ing backyard, OK?

I think you mean "remove the plank from your own eye"

 

[oldgunner]

Catholic Nuns Buy Controlling Stocks in Gun Companies to Destroy Them

An anti-gun/anti-Second Amendment publication, The Trace, reports that a group of Canadian and U.S. nuns and other Catholic activists want gunmakers to actively monitor violence committed with their product. That’s not all, they plan to make them engage in corporate governance. To make this happen, they bought stock – enough to make them bend to their will.

They must have a lot of extra cash lying around....should be saving it for the victims of diddler priests instead.

Everyone who goes to church and drops money in the basket gets to say they helped contribute to this.

 

[Sparky123]

Shouldn't they be focused on eliminating the child molesters within their ranks?

How about preaching that just because you wear a cross doesn't mean your going to Heaven as well. Waaaay too many gang bangers sporting giants crosses and religious tattoos without the devout lifestyle to match.

Nuns can only do what their leaders authorize them to do, nothing more. One could easily get the impression that this is a diversion, giving their members something else to focus on. With so many perverts serving in the catholic church they need all the help they can get.

 

[EddieCoyle]

One of the orders involved in this is the Sisters of Bon Secours.

They seem nice: Bon Secours Mother and Baby Home - Wikipedia

 

[slap shot]

If they just got laid once in a while...

 

[ProGun]

They did the same with Sturm, Ruger, the other major publicly traded gun company. The activists then used their status as shareholders to ask fellow investors to join them in demanding that the gunmakers publicly report on public safety risks caused by their products.

Now, Ruger’s is considering the leftist nuns’ proposal because their shareholders voted for it with 69 percent of the vote, The Trace reports.

How in hell did they get 69% of shareholders to vote for this!?! Surely not good for the shareholders and their investment.

 

[Jason Flare]

How in hell did they get 69% of shareholders to vote for this!?! Surely not good for the shareholders and their investment.

It’s probably the people holding 69% of the shares, which could be not a lot of people.

Sorta like “The people who pay 80% of the taxes.”

 

[Palladin]

F*ck the penguins

 

[Uzi2]

It wasn't them ^^^^^^^^

 

[Drix]

How in hell did they get 69% of shareholders to vote for this!?! Surely not good for the shareholders and their investment.

All but 750k shares are publicly traded, most shares are owned by major banking institutions of some kind.

Not really that hard to come up with a majority, probibly need to convince 6-7 people to back you for good PR

 

[drumenigma]

Semi related

BlackRock and Vanguard fought for gun changes yet rubber stamped Sturm Ruger's board