Just a comment to nerik and flap operator.....
The 51% rule is pretty easy to get around if you have a good corporate attorney.
For example european 2000, It has three Maltese as directors.
I would point out that one is the attorney for O.S. Wyatt. As his attorney there are certain obligations he must fufill. Thus his vote as a director is probably controlled.
I would also point to the difference between common stock and preferred stock which is held in the above company. Look who holds what and which stock has voting rights. I think you will figure it out.
