Evolving.
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Thank you very much for the information.
What happens is that your shares HAVE to be made good. SOMEONE must purchase them and deliver them to you (to your account). If that someone wants to buy mine, they will pay DEARLY. And that is, in a nutshell, why sometimes share prices skyrocket!!! You won't be out any shares, but someone may have to pay dearly.
Here is the answer; looks like you didn't see my earlier posts.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67536983
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67537261
One vote per share.
I received my voting information, and I voted online. I selected FOR aka YES aka I support the management of Sarissa. After all, one of the reasons I bought the stock was trust. Not conditional trust. Not "I trust you unless I think you didn't do things the way I thought you should". LOL. I will sink or swim with Scott.
I believe that while that will reduce legitimate shorting, it will have no effect on the real problem - naked shorting. No one borrows anything for naked shorting.
Proxies not returned can be voted by the broker for routing, but NOT for non routine items.
See #18 in the document below (very detailed information).
Note the 4 different types of shareholders - my first paragraph above refers to street name shareholders.
https://materials.proxyvote.com/Approved/655664/20110311/NPS_85173/images/Nordstrom-Proxy2011.pdf
Here's info (Q&A) from a similar situation:
•Will my shares be voted if I do not provide instructions to my broker?
If you are the beneficial owner of shares held in “street name” by a broker, the broker, as the record holder of the shares, is required to vote those shares in accordance with your instructions. If you do not give instructions to the broker, the broker will be entitled to vote the shares with respect to “discretionary” items but will not be permitted to vote the shares with respect to “non-discretionary” items (those shares are treated as “broker non-votes”).
The proposal to ratify the appointment of Ernst & Young LLP as CSX’s Independent Registered Public Accounting Firm for 2011 is considered a discretionary item for which a broker will have discretionary voting power if you do not give instructions with respect to this proposal. As a result of amendments to the New York Stock Exchange (“NYSE”) rules, the proposals to: (i) elect directors; (ii) consider an advisory vote on executive compensation; and (iii) consider an advisory vote on the frequency of the executive compensation vote are all non-routine matters for which a broker will not have discretionary voting power and for which specific instructions from beneficial owners are required.
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•What happens if I return my proxy card but do not give voting instructions?
If you sign and return your proxy card but do not give voting instructions, the shares represented by that proxy will be voted as recommended by the Board.
Info is from http://investors.csx.com/phoenix.zhtml?c=92932&p=irol-abouttheannualmeeting#39881
What if no proxy is submitted? The info posted from the circular only seems to address the issues of proxies submitted without a yes or no choice selected.
You can't short SRSR. I can't short SRSR. But naked shorters can!!!!!
Isn't there some uncertainty about the $10M amount? Doesn't it say "capital" instead of a dollar amount? Also if we have 3 of 5 seats then maybe we have control, and aren't giving anything away? We don't know who is in the entity - maybe it is Sarissa folks? Maybe DR? Just speculation, but I think when we know the total picture we will be pleasantly surprised. I think Scott and company are keeping things closer to the vest than some of us like, for a reason.
$100 Billion in ore .... And I can't imagine that Scott is going to give it away foolishly. The real question is - are any of US going to give our shares away foolishly?
I believe your comments are accurate...but only relative to legitimate shorting. I think that the naked shorting happens not because firms allow individual investors to short, but because the firms THEMSELVES do the shorting.
Please look at your ranges. 1M shares could go into either of 2 choices. Perhaps use the >= type of signs.
Did you sell? No? Then you lost nothing. If you didn't sell it, you didn't lose it.
I believe it was at least 3 years ago.
He was a big part of the DD that led to my investing in SRSR.
Good grief! That is an excellent catch! If you are interpreting this the way it is intended (as opposed to the $5 - $10 million) numbers people are talking about, that is HUGE!!! So huge, that I would hate to be someone who sold any shares.
You did what you think is right for you (as you should), and my only comment is that I appreciate you sharing with us.
Only a few hundred thousand shares traded tells me that there is no panic selling.
Tomorrow is the DATE OF RECORD. If you own SRSR shares on the DATE OF RECORD, then you get the circular, get to vote, get rich, etc. LOL. Don't expect the circular tomorrow. All IMO.
MM LAMP wants shares for .041, and will sell them for $5.00.
This will take you to the google cached version of the page:
http://webcache.googleusercontent.com/search?q=cache:n7sj7i4BMzwJ:en.impiexpo.org/+impiexpo.org/&cd=1&hl=en&ct=clnk&gl=us&source=www.google.com
Too much bidwhacking.
I respectfully offer my alternative opinion; that is, lack of interest in any stock can contribute to the price being lower than it should be.
999.9% of managers of Pink Sheet stocks do BAD stuff and hide it. I LOVE Scott and company - they do GOOD stuff and don't reveal it until necessary / appropriate.
I understand that you could care less. If you COULDN'T care less, you would not have posted.
Good catch LOL!!!
Lisa Cripps, President. I printscreened the PDF (couldn't save it), and pasted it into MS Word (in 3 parts).
They were all buys. This morning there were 166,600 shares sitting at the ask, which was .0023 at the time. The shares were sold at .0023. Not sure if this was a mistake or deliberate manipulation. This appears to be a good stock, just waiting for something!
Stop sign finally gone! Back to limited information.
http://www.otcmarkets.com/stock/SRSR/financials
Could it be an insider, which IMO would nullify any concerns about the amount?
Hit the printscreen key (Print Scrn), that will copy to clipboard.
Then paste into another application (E.g., MS word), and save.
I interpreted his statement to mean the period ending date (December 2010), not the report submission date (April 2011), was over 6 months old.
From the horse's mouth:
Response from otcmarkets:
From: Issuer Services [mailto:issuers@otcmarkets.com]
Sent: Friday, July 08, 2011 11:00 AM
To: xxxxxxxx
Subject: RE: OTCIQ Information Request
xxxxxxxx,
The company’s last financial report is over 6 months old so they no longer qualify for Limited Information.
Best regards,
Ed McCann
Issuer and Information Services
304 Hudson Street 2nd Floor
New York, NY 10013-1015
T +1 (212) 896-4471
edward@otcmarkets.com
Response from otcmarkets:
From: Issuer Services [mailto:issuers@otcmarkets.com]
Sent: Friday, July 08, 2011 11:00 AM
To: xxxxxxxx
Subject: RE: OTCIQ Information Request
xxxxxxxx,
The company’s last financial report is over 6 months old so they no longer qualify for Limited Information.
Best regards,
Ed McCann
Issuer and Information Services
304 Hudson Street 2nd Floor
New York, NY 10013-1015
T +1 (212) 896-4471
edward@otcmarkets.com
Thank you. I guess I should have waited for a reply, before sending an email to otcmarkets. I appreciate the quick response.
What is wrong with otcmarkets.com? SRSR used to be listed as "limited information", IMO rightly so. Now, it shows "no information", with a horrible warning. I suggest someone on speaking terms with Merle (I'm not) ask him to ask Scott to have that fixed (hopefully that is something Merle IS authorized to do).
Oh, it isn't by choice - it is only worth .005 (too much rust.)...and I can't buy a partial share.