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"I am a BLOGGER NOT an expert. This is a BLOG not a 'go-to' website for official information. I represent no one's view save my own. I have neither legal nor financial training, nor do I have anything to do with the real estate industry. My understanding of the Collective Sale Process is from a layman's position only. My calculations, computations and tables are homespun and may contain errors. Please note that nothing in this blog constitutes any legal or financial advice to anyone reading it. You should refer to your lawyer, CSC or financial adviser for expert advice before making any decision. This disclaimer is applicable to every post and comment on the blog. Read at your own risk."
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There is one thing worse than an Enbloc ----- and that is an Enbloc done badly. Since the majority have the necessary mandate to sell, then they owe it to all SPs to make a success of it. Minority SPs can only watch and wait, if they sell then lets pray it's at a price we can move on with, if they don't sell, then we are happy to stay for a few more years.

EOGM to 'consider the sale'

The EOGM is confirmed for 21 July 2007 and the Notices have been sent out to all owners. The requisition forms will be inspected for irregularities by minority owners on Friday.
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Added as an addendum to the official notice are the questions* tabled by minority owners.
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*The questions are in error and the MCST and SC Chairman have been sent a copy of the amended questions to be included at the EOGM. A copy of these amended questions has been sent to all homes and they will also be handed out to the SP's at the EOGM.
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Having questions tabled at the meeting is a 2 edged sword. It gives the Sale Committee time to think of a suitable response but it also guarantees that the questions will be asked as it is uncertain how much time will be given over to Q & A.
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This is the first and ONLY minuted and recorded meeting of the entire en bloc process and it is imperative that minority owners raise their objections at this meeting.
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Owners should stand up, say their names and

ask that their questions and answers

BE REFLECTED IN THE MINUTES.

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EOGM's come in all shapes and sizes. A recent EOGM at an ex-HUDC estate lasted all of 10 minutes (or so I was told). Since questions have been tabled by minority owners at our EOGm, the SC cannot make a run for it so fast.

ALL MINORITY OWNERS ARE ENCOURAGED TO ATTEND

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