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Sunday, August 23, 2015 4:14:08 AM
My guess is they already have votes they need.
I agree with that, plus dont forget what #3 from the Proxi says:
Proposal No. 3 - Amendment to our certificate of incorporation to increase the authorized number of shares of common stock. The shares of common stock voted “for” the amendment to our certificate of incorporation, as amended, must equal or exceed a majority of the outstanding shares entitled to vote thereon. Abstentions and broker non-votes are counted as votes “against” this proposal.
Bearing in mind in the past there were historicaly / statistically around 100 million broker non votes (more than 40% of total shares)... would this Proposal have any chance UNLESS they already had the votes they need?
We, little Joe Blow Retailers, can play Boss with PPHM's future, but our votes (fortunately or unfortunately) do not really count for #3, even if many of us (at least me) belong to the Broker non-votes group fore mentioned...
It may for the rest (#1, #4 & #5)? ( though doubt it too)
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