Thursday, March 17, 2011

Are there the "Little Four" or are there more?

When we first posted the message from Jim Drescher about the purchase and the follow up message which held the title of "The Little Four" we were lead to believe that their were four dissenting views in the group of 13 banks that held the notes on the property.  Well in an article published to day by the GazetteXtra held and interesting quote from the Vice President of Marketing and Public Relations of Anchor Bank.
"A majority vote is necessary to approve an offer."
 So 4 votes out of 19 does not sound like a majority to me.  What gives?

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