I claim that public information is very consistent with the investors hold an axe over the Trust; maybe the Trust will cause the Board to be slightly better or the investors will abrogate the Trust or the Trustees will loudly resign at some point; regardless, the Trust is very subordinate to the investors and won’t be able to do much.
And if so, I think it’s reasonable to describe the Trust as “maybe powerless.”
I claim that public information is very consistent with the investors hold an axe over the Trust; maybe the Trust will cause the Board to be slightly better or the investors will abrogate the Trust or the Trustees will loudly resign at some point; regardless, the Trust is very subordinate to the investors and won’t be able to do much.
And if so, I think it’s reasonable to describe the Trust as “maybe powerless.”