The SmartLogik Action Group thoroughly endorses the UKSA initiative to get full shareholder rights for shareholders in nominee accounts. Please try to support the demonstration taking place outside the Houses of Parliament on 6th July (see the post below). SmartLogik Action Group is affiliated to UKSA, so go for it!

We support this UKSA initiative because we have direct experience of how difficult it is to make contact with shareholders in nominee accounts. Despite a concerted effort in 2004, it was only possible to persuade a few nominees to pass on information to their shareholder clients. We estimate that there are literally thousands of SmartLogik shareholders in nominee accounts. Since the nominees (banks, etc.) do not have to pass information on to them, these people probably have no idea that there is an action taking place on their behalf. This has had the effect of significantly reducing the funding available to us - less action group members, less funding.

In view of the huge profits being made by the banks through irresponsible lending - did you see Panorama on BBC1 tonight, "The Money Trap"  - we believe it is time for them to stop using cost as an excuse for not giving full shareholder rights to shareholders in nominee accounts. They have to do it in the USA, Canada and Australia, so why shouldn't British shareholders also have these rights? We are a democracy, aren't we?