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Friday, September 25, 2020 8:58:08 PM
https://law.justia.com/codes/delaware/2016/title-8/chapter-1/subchapter-vii/section-216
497,498,338/3 = 165832780 + 1 = 165832781 VOTES NEEDED FOR A/S
How close are we?
Well I am not going to count the 20M abstentions,
I am going to assume that most of the 155.8 Million voted for the A/S
I am going to assume that most of the 110.8 Million didn't vote for the A/S at first.
So lets say that most = 85 percent and 98 percent respectfully.
Therefor we had a rough approximation of (155.8 * .85)M + (110.8 * .02)M = 132.4M + 2.2M = 134.6M votes at first!
So by those calculations 165.84 - 134.6 means approximately 31.24M share votes needed to be converted over from the beginning. These are just estimates. Now, as I personally did change my mind, others also have changed their minds. How close to 31.42M shares did that equal? Well if the average was 1/4M and 20 shareholders changed their minds that's only 5M. So 26.42 left. Of course once again these are just arbitrary numbers for approximation purposes.
How many more shareholders would have to change their mind to get the A/S. Well using the numbers in previous example, it would be approximately 27 * 4 shareholders needed to change their minds.
BOTTOM LINE IMO WE NEED ABOUT 108 SHAREHOLDERS TO CHANGE THEIR MIND AND VOTE FOR THE AUTHORIZED SHARES IN THE NEXT 33 DAYS SO THIS COMPANY CAN FINALLY BEGIN MAKING REVENUE IN THE NEAR FUTURE!
PS: IF I DID COUNT THE ABSTENTIONS THIS WOULD BE MUCH CLOSER!
GO OWCP$
$OWCP
$OWCP
$OWCP
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