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Re: jaykayjones post# 30089

Monday, 06/02/2003 2:10:53 PM

Monday, June 02, 2003 2:10:53 PM

Post# of 433021
JKJ:When Bylaws and Regulations Require Shareholder Approval, it is sought and obtained.

When shareholder approval isn't required, then it isn't required and it is my understanding that this plan requires approval and the others didn't?

Actually I'm not sure exactly why that is (anyone who knows please explain) and I'm a bit too lazy to research the question because I trust that IDCC is abiding by its bylaws and applicable laws and regulations.

Do I trust management? Well it isn't a religious faith but absolutely I do based on their track record and their legal fiduciary obligations.

If I didn't trust them I would sell my shares IMMEDIATELY.


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