I'm a bit confused by the text of the sample proxy card. It reads:
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED AS DIRECTED. IF NO DIRECTION IS MADE, THE PROXY SHALL BE VOTED FOR AN AMENDMENT TO THE COMPANY’S ARTICLES OF INCORPORATION EFFECTUATING A REVERSE STOCK SPLIT AND FOR AN AMENDMENT TO THE COMPANY’S ARTICLES OF INCORPORATION PROVIDING FOR AN INCREASE OF THE COMPANY’S NUMBER OF AUTHORIZED CAPITAL STOCK.
Perhaps it means that if you submit a properly executed proxy card but do not vote on one of the proposals, a vote will be cast in favor of that proposal.
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