The bank only has to make a 48-hour decision on a potential shareholder's creditworthiness.

What matters, he says, is where the potential shareholders are.

It does not allow for active and potential shareholders who will accept lower returns for higher risk.

Fund companies try to warn potential shareholders away from this tax trap, but some investors still get caught.

"You sure couldn't say that they have made a great effort to inform their shareholders - or their potential shareholders in the market."

In theory, private managers' performance is monitored by actual and potential shareholders.

The board's task of determining the financial viability of a potential shareholder would certainly be easier if that were the case.

Moreover, a large notice was included in the June 30 report, sent to all potential shareholders beginning in the second week of July.

The potential shareholders' interests were far more important than those of the consumers.

Returns were not offered directly to a potential shareholder, who were instead motivated by the reward of helping develop the country.