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.
References in periodicals archive ?
I slummed it at Rotary Club mixers, pounding out Louis Prima and Little Richard tunes so that we could upgrade our boat and Quinn and I could set lobster traps and I could be a real Outer Cape character, the kind of guy who turned up at the diner at five in the morning, smelling of cut herring, and boasting about the catch he's going to pull up later in the day when the day trippers and land lubbers were just getting up.
Other, less frequently expressed concerns included the increased crowding on wharves and on the water as a result of the growing aquaculture presence in the area; garbage created by salmon farms; the potential for escaped salmon to contaminate wild fish populations; and illegal setting of lobster traps by farm site workers (Table 5).
In the Orange County area, lobster traps are typically deployed from small boats around shallow reefs and hard structure with holes and crevices where lobsters conceal themselves during the day (Mitchell et al.
Models integrate a wide range of factors, from growth and reproduction rates of lobsters, to business costs and profits, to fishing methods, including numbers of lobster boats, lobster traps, and days at sea.
The lobster trap vessels land substantially more lobsters than the lobster diving vessels.
The most obvious pattern in the data was the distribution of lobster traps with depth.
Using standard graphics software, we superimposed a square on each image to represent a square of polyethylene mesh, similar to that used in a South African rock lobster trap.
A LOBSTER trap on the floor of the Atlantic may not sound like the most exciting place for a webcam, but it's brilliant when a lobster wanders in.
Ginny and Dean Knouse of Simi Valley celebrated their golden wedding anniversary with family and friends at the Lobster Trap Restaurant in the Channel Islands Harbor in Oxnard.
Starting at Cisco's in Oxnard, they were soon drawing large crowds and were booked into the banquet room at the Lobster Trap.