NeoMedia Technologies, Inc (NEOM)

[risktaker]

Proxy vote: Should I or shouldn't I....

Everybody I see is starting to receive their proxy statements. Votes typically go the boards way providing there's a quorum, meaning collecting the minimum number of votes needed for the election to count.

Some shareholders unhappy with management will vote against everything the board wants. A "no" vote done in spite actually gives management precisely what it wants which is the votes needed to make the election stand. The "no" vote may signal that some investors are unhappy but management wil ignore that on its way to passing all of the votes the way the board wanted.

So the best way to show management that your not happy is to not vote at all.

Disclosure: I plan on voting.