"But in the end, you find that the shareholders usually can't agree because everyone has their own agenda."
Company management and shareholders agree that a restructuring is needed.
The deal is expected to close in March, if shareholders agree.
That is usually not a problem when all shareholders are alive, available and agree to the sale.
If all the shareholders agreed to sell their shares back to Google, the company would have to pay $26 million.
He said all current shareholders had agreed to sell, so the settlement terms become moot.
When the vote is taken, the shareholders agree to give Garfield controlling interest in the company.
The two shareholders agreed to keep the share ratios as they are and to vote in mutual agreement on important decisions.
The account gave the bank control over a block of stock but said the company could be sold only if the shareholders agreed unanimously.
So getting all shareholders to agree to a conversion is a major hurdle.