Great Opinions...
I am always open for a healthy discussion on the pros and cons of a reverse stock split, espically in this case !
As for an expiration period...I would argue the point. The language in the proxy specifically said: "at any time before the 2009 Annual Meeting of Shareholders."
Was I the only shareholder not invited to the 2009 Shareholders Meeting ? Did they have a meeting in 2009 ?
So, not being an attorney but understanding the meaning of "at any time before the 2009 Annual Meeting of Shareholders" I don't believe that this meant "and or before the end of 2009".
So, back to the meeeting, was there a 2009 sharesholder meeting ?
Call me a cynic butttttttttttt.........I would argue that the architects of this document chose this language for a reason. If not, why would they not have said "at year end 2009" ? Was there a reason why they choose not to have a annual shareholders meeting in 2009 ? I don't know,but let's wait and see. If I'm wrong then I will be the 1st. to admit it. But if I am right ....well then I guess I was right.
