Interups Inc (ITUP)

[palaypu0406]

Majority is not counted by majority number of shareholders voted for but by majority of shares that poll in favor of the option as in any other shareholder voting decision.
2/3 Majority shares vote count wins the option.
As core founders, Myself and Mahesh and our families are abstaining from voting so we leave this as a non-core shareholders decision.

Vote count --
1. shareholder -- Number of shares x 1 count per share ==> ______
1. shareholder -- Number of shares x 1 count per share ==> ______
1. shareholder -- Number of shares x 1 count per share ==> ______
......
.....
Total shares polled in favor of option 1
Total shares polled in favor of Option 2
Whichever option gains 2/3rd majority, company will follow that allocation.
If there is a stalemate then we will have another form of voting and then we filter the decision to either of the option.
We have extended the date to Nov 6 5pm and voting result will be posted on Nov 7 noon hours
We have a total shareholder count of 154 and not even 10% have voted as of today and some have requested time until US weekend.
Adding one day grace-time we have put 1 day extra and the polling hence closes now on Nov 6 by 5 PM pacific time.

It's a very critical decision from shareholders and I request everyone to follow their thoughts aptly and cast their vote with free mind as to what best suits them.
We will transparently adopt whichever option wins majority shareholders vote,
The shareholders ballot is still showing Nov 3 but once the technology team is awake, we will shift the date to Nov 6 5 PM Pacific Time.

Sincerely,

Laxmi Prasad