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Re: SirFelix post# 30598

Friday, 04/08/2011 7:19:17 AM

Friday, April 08, 2011 7:19:17 AM

Post# of 53780
Felix,
Not sure I understand your post. No shareholder would vote to take the company private. That's why I'm saying that if there was a desire to take Virtra private by an individual or small group, they would have to buy 46% of the company (to add to Bob's 5%) to ensure they had a majority (assuming the other amendments pass).

For the record, unless something happens to change my mind, I'm against all the amendments (but will vote yes on the A-S reduction, for safety). I can completely understand why some draw the conclusion from reading the proxy that this is the first step in a go-private. It's just that as I play the mechanics of implementing that in my mind, I can't see how it becomes possible without significantly impacting the price.
-Pat
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