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Re: rayovac812 post# 160793

Thursday, 07/11/2019 7:58:40 PM

Thursday, July 11, 2019 7:58:40 PM

Post# of 279699
The key is non-binding. He could have specified binding. Chose not to. He is not beholden to up-list.

"The main difference of non-binding voting from the conventional binding voting mechanism is that the vote tally does not, at least directly, determine the outcome. Instead, the management has the discretion to decide whether or not to implement the proposal, even if the majority of shareholders support it." Oh yes, he is the majority shareholder.
https://corpgov.law.harvard.edu/2010/12/10/non-binding-voting-for-shareholder-proposals/
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