I got my materials today and..............
The Mir-Brennan cabal are very devious and have written their solicitation in an ingenious manner that is both confusing and, in my opinion, legally questionable.
Consider that they go on and on about what they have done and how evil and underhanded Yarbro is. I find it fascinating that, having dumped him from the Board, they now claim he is still a member.
But better yet is the five-year plan they claim to have implemented. this is like the old Stalinist five-year plans that were never fulfilled and always superseded. Having admitted that Mir took over in 2013 they should, by now, be able to identify some progress since he only has about six months to go before the five-year period ends. Oh, of course, they will claim that the plan only began about a month ago or whatever......
same for the GSA contract that is now claimed to provide $3,000 payments each year over five years. Now we read that Mir erred in assuming payments would begin in 2015. DUH!!!! Where and when did he report that tidbit to the shareholders?
However, what is troublesome is the way this ballot is worded as to voting or responding. Consider:
BOD urges you to mark "Yes, Revoke my Consent" i.e., revoke any consent I may have given to Yarbro group. Am I to understand these mailings only came to those that may have voted their shares with Yarbro. I note that I got mine directly despite holding my shares at a brokerage which implies they took my name from another list.
Now here is the part I worry about depending upon how one reads it:
"If no vote is marked with respect to a proposal, the undersigned will be deemed to revoke his consent for that proposal"
Whoa!!!! Am I to understand that, even if I fail to vote Yes to Revoke my consent to the Yarbro proposals, Mir and the gang of three intend to construe my refusal to vote yes as as a consent to revoke my consent anyway?
This same admonition is included near the end of page 2 wherein they further state that:
"Unless you specify otherwise, by signing and delivering this consent revocation card to the company, you will be deemed to have revoked consent to all of the proposals set forth herein."
They do allow you to vote: No, Do Not Revoke any Prior Consent" but why should I vote openly to them, having already voted, for example for the proposals
Oh yeah, if held in a brokerage you need to go back to that brokerage or bank and have them "give effect to your consent revocation", and maybe, if I read this correctly, even to your refusal to vote.
That hissing noise you hear are these snakes.................
I believe, sadly, that the Yarbro group and Cutler need to act quickly and decisively before the Brennan-Mir group confuse the issue and succeed in disqualifying many of the shareholders.
JMHO
AI
