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Thursday, March 12, 2015 12:09:03 AM
What, the insiders and Northstar LLC all decided to "sit this one out" and not vote? LOL !!
Quote, "Yeah right..."it shows that most common shareholders didn't even cast a ballot"
YES, that's exactly what the simple math show. Exactly correct.
The avg largest total votes cast was about 670 million votes. 500 million of those are Northstar LLC right off the top.
That's 670 - 500 = 170 million left. Another 40 million or so are Northstar LLC common shares. Now that's 170 - 40 = 130 million.
Then, from the last filed 10-K, PAGE 77, the insiders hold about another 84 MILLION shares outside of the Northstar LLC structure- meaning held as common shares.
That's now 130 million - say 80 million = 50 million.
THAT IS IT. Out of 600 MILLION plus common shares O/S, "maybe" 50 MILLION non insider votes were cast. THAT IS THE MATH. MATH DOESN'T LIE.
50 million / 600 million = .08 X 100 = 8% approx of common O/S shareholders cast a vote. MATH.
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