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Re: Actuate post# 14339

Thursday, 07/19/2012 11:26:51 PM

Thursday, July 19, 2012 11:26:51 PM

Post# of 62039
100% incorrect statement. The whole statement says "The holders of ten (10%) percent of the shares entitled to vote at any meeting of stockholders, present in person or represented by proxy, shall constitute a quorum for the transaction of any business at any such meeting" which does not mean that those who own less than 10% don't get to vote, it simply means that if 10% of the eligible votes are cast it is a valid vote.

A Quorum simply means that enough people voted to be considered a valid vote, and does not mean that you don't get to vote.

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