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Re: SirFelix post# 34308

Saturday, 06/09/2012 10:19:13 AM

Saturday, June 09, 2012 10:19:13 AM

Post# of 53784
Summary of deleted post per my recollection

power point part of the presentation was pretty straight forward. Though most of those points were elaborated on with a little more detail both during the presentation and afterwards with Q & A that was a good 45 mins to an hour.

Prior to the power point, a tally of the votes from the proxy were announced. By the bylaws, since there are approx 158 mill shares OS, 79 mill shares needed to be represented to have a quorum to act upon the proxy. However only 43 mill shares were represented by responses of yes, no, or abstain. Therefore the quorum on the proxy was not held.

The shares of people who did not respond to the proxy were not counted in any capacity for or against. Approx 26 mil more shares were required with responses either for, against or abstain.

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