Tuesday, January 08, 2013 3:53:57 PM
In my last conversation with etrade concerning the proxy vote, which my “No votes” were not counted. Etrade has still not heard from KR concerning the vote and the funny thing; the service rep told me, “that is what I get when dealing with these sub penny’s”.
I have also been told patience, patience, patience as Avalon has no “real money” to pay for anything including a suit with damages. And of course KR has not filed the increase in the authorized as yet, so what does the proxy vote mean anyway. We still are only authorized for 3.33 million.
But the real crime, KR gave himself the preferred shares without a vote and approval of the common stock holders. So patience is the order for the day, when Avalon does have the funds to pay damages; my guess is, lawyers will be jumping all over themselves to file suit.
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