It has come to my attention that a flyer has been sent to some minority owners (not those appealing, of course, as their lawyers would be up in arms) requesting the STB payment of $781.25.
Minority owners - (and note: those who half-signed are considered minority) - need not pay a single cent until the STB approves the sale and the costs and expenses of the sale are then deducted from the sale price ON COMPLETION OF THE SALE, after bank and CPF charges have been settled.
The SC should NOT be asking the minority to cough up at this point.
Minority owners - (and note: those who half-signed are considered minority) - need not pay a single cent until the STB approves the sale and the costs and expenses of the sale are then deducted from the sale price ON COMPLETION OF THE SALE, after bank and CPF charges have been settled.
The SC should NOT be asking the minority to cough up at this point.
(To date, I believe 179 majority owners have not paid up, and are refusing to do so.)
If anyone has a copy of this flyer , please let me know, so I can post it on this blog.
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