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Re: None

Friday, 12/08/2017 12:00:12 PM

Friday, December 08, 2017 12:00:12 PM

Post# of 6372
It is legally irrelevant that the number of shares authorized to be issued stays the same. Companies always have far more issuable shares and issues shares. That never means the company will automatically dilute shareholders.

If they actually issue so many shares that it substantially dilutes our value, then we can claim a breach of fiduciary duty. This company is very cautious; overly cautious, in fact. They won't simply dilute the company through excessive issuance of shares. That would also destroy the value of the 3.8 million shares held by the University of Texas where MDAnderson is based. That's not going to happen.

That provision, however, gives them a poison pill to prevent a hostile takeover.

Nevertheless, I voted no on everything up for a vote.
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