You are 100% correct, Rick. Voting NO is really the same as voting FOR the plan.
And as we approach the SHM, there will no doubt be a concerted telephone campaign to solicit proxies. We have pledges from several million shares promising not to give anyone a proxy.
Even with the proxy withholding campaign, there is still a pretty good chance that this giveaway will pass, but it is our only chance to defeat it, short of legal action. The latter costs money and takes alot of time.
I had really hoped that management would place shareholder interest ahead of their own self interests and would have withdrawn this proposal, but ........