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Tokyo Electric Power Company, Incorporated Message Board

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  • dgplexus1 dgplexus1 Dec 27, 2011 2:12 PM Flag

    government vue - today

    Even if the Japanese government tried to force a capital injection, it seems they would fail in that. First, Tepco would have to say ok, which seems unlikely (why would they do so? and Tepco employees were recently reported as the single largest shareholder group.) Then, Tepco shareholders would have to vote on approving the issuance of new shares to make it possible. Why would it be approved? We already know Tepco is considered too big to fail, and is Japan's largest bond issuer, etc. If those additional shares were not approved, what then? The government is going to let Tepco go bankrupt? I don't think so. Also, we still have the 1961 law on our side. Immunity from all these compensation claims appears more and more likely to be recognized. I'm holding.

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