InvestorsHub Logo
Followers 12
Posts 1102
Boards Moderated 0
Alias Born 01/27/2017

Re: Blue Skys post# 171712

Monday, 12/02/2019 1:59:03 PM

Monday, December 02, 2019 1:59:03 PM

Post# of 203913
So you are suggesting that the company engaging the services of Morrow Sodali for a fee of $6,000 + out of pocket expenses is motivated purely by altruism? As I said in an earlier post, Morrow and Sodali will be selective as to whom they solicit, meaning that they will not bother soliciting shareholders that don't hold a significantly high number of shares. And their solicitation will consist of a sales pitch to vote yes (For) to the proposals. Good luck with that!

The point made here is that hiring a solicitation firm, if the last attempt is any indication, will be a waste of the company's limited financial resources, especially if the person making the calls is clueless about what the company is all about. Also there is a distinct difference between contacting someone to provide them with "the opportunity to vote", and soliciting them to vote in a certain direction!