Stock Spirits

Lakehouse, Stock Spirits and Sprue Aegis

I commented on the affairs of Lakehouse and Stock Spirits in the last ShareSoc newsletter. Both companies had been attacked by unhappy shareholders who had submitted requisitions to change certain directors, a process that seems to be becoming more common of late. Both situations have now to been resolved to a great extent. At Lakehouse the Chairman Chris Geoghegan is departing forthwith, with the three new directors proposed by the requistioners being appointed to the board as non-executive directors including founder Steve ...

Stock Spirits – A More Direct Approach

I have commented on the affairs of Lakehouse recently where disgruntled major investors have requisitioned an EGM to replace all the non-executive directors. One commentator asked why the investors did not try to change the CEO also. A more direct approach is being taken at Stock Spirits (STCK) where concerned shareholder Western Gate Private Investment, who own 9% of the company, have submitted a requisition to remove the CEO, Chris Heath, and also appoint two new experienced non-executive directors. Stock Spirits is ...