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Lobster Trap

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Lobster Trap
An antitakeover strategy in which a publicly-traded company prohibits some convertible security holders from voting in the event that they exercise the conversion option. Specifically, if a single shareholder has more than 10% of the company's equity in convertible securities of any kind, that shareholder will be disallowed from converting their securities into voting stock. The conversion option may still allow the holder to own and have all other rights associated with common stock, but voting is not permitted. A lobster trap must be incorporated into the company's charter.


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By the early 2000s the spiny lobster trap fishermen expressed reservations about whether the TCP would be able to resolve the economic hardship that they had faced.
The Florida Fish and Wildlife Conservation Commission (FWC) will let the number of spiny lobster traps in Florida waters decrease by a method of passive reduction.
A few simple wooden folding chairs, some nautical elements like buoys, sand dollars, even lobster traps in selected spots can create the theme you?
 
 
 
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