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Re: gdepc post# 20236

Tuesday, 06/28/2005 6:32:48 PM

Tuesday, June 28, 2005 6:32:48 PM

Post# of 64738
I agree absolutely and that is why we are encouraging shareholders to withhold their votes and proxies so that a quorum will not be reached.

If there is a quorum of 50.1% and 25.1% vote for the proposals, they will pass. If only 49.99% of the shares are represented by proxy or by vote, then there will not be a quorum and these proposals will have to be resubmitted and maybe next time management will realize that their share-giveaway is not going to fly.

As you say, a quorum will hurt the company and result in an additional 15% dilution in shareholder value, therefore we should all withhold our votes and proxies.

Good to see that you now oppose these giveaways and want to insure that there is no quorum for the SHM.

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