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Friday, July 22, 2011 1:42:40 PM
need to be sent out by brokers to individual shareholders
and then those of course need to be returned for the count requiring a majority vote to
pass. I do not know with certainty the exact mechanics of this process, who mails
and who receives and the time criteria for each.
I'm trusting that this is a simple 51% majority, though that detail was not discussed. But
before this happens the SEC needs to approve the RS process for the vote and eventuality
if and when it passes.
The sticky post tells all that I know for the moment. However, I did send an inquiry to
Lloyd Spencer this morning to ask if there were any update on the mailings.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64605511
This refers to one date criteria:
WHO CAN VOTE?
Only holders of record of our common stock at the close of business on June 22, 2011 will be entitled to notice of and to vote at the special meeting and any adjournments of the special meeting. You are entitled to one vote for each share of common stock held on that date. On June 22, 2011, there were * shares of our common stock outstanding and entitled to vote.
So, we are in a holding pattern and will see how it plays out. I'll post any update I receive. GL
.
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