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Monday, May 23, 2005 1:33:52 PM
I am not sure as to the date a proxyvote must be in by. I voted online through proxyvote.com with my notification in-hand from my brokerage house. If you elected to do vote by post it will likely take longer for you to get notification. I have seen posts from people with Ameritrade and Scottrade online accounts already got their posts. If you have an online account and normally vote online, I suggest that you contact your broker.
As to why people are voting already, I can only answer for myself and as I have noted before a r/s will currently do nothing for this company. 1) Even if the pps was 8.00 they would not be able to get on an exchange without an income variance. This would be HIGHLY unlikely. 2) A pop in the price from a pr, patent, purchase, etc would have to be so dramatic for the r/s to bring the price to 3 or 4 that that is also highly unlikely. A pps of 3 or 4 could get you on different exchanges but you still have the minimum income issue. 3) Since getting on an exchange is currently not an option at the currently income levels the only other reason for a r/s would be for greater volume produced buy institutional investors. There are many II that only look at a stock > $5. Since we would not see $5 with a r/s, a r/s split is not in the best interest of the shareholders because it will currently achieve nothing. 4)Lastly, as an owner in DNAP it would have been nice to know the exact reasoning for putting a r/s to vote. However, since the requirements of the different exchanges are what they are the only thing they could have produced that would have made me vote yes would have been a letter from an exchange giving them a pps and income variance.
Good luck and God bless,
Big Blue (Long-Investor in DNAP)
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