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Post# of 114795
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Willymon

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Willymon

Re: rrao11 post# 102646

Thursday, 03/07/2019 6:28:39 PM

Thursday, March 07, 2019 6:28:39 PM

Post# of 114795
My guess is that they have something in their by-laws that states that if there are more than 500 shareholders, then any splits must go to vote by the board members first, and then the shareholders for final approval.

If he can reduce the number of shareholders to less than 500, then the cost of sending out the voting notices by a third-party service is eliminated and the board can take action and be done with it quickly.

This is just a guess and I have not reviewed their by-laws.

$COHO

The above is for informational purposes only, responsibility for all trading decisions lies solely with the reader. " faber est suae quisque fortunae "

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