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Re: Poptech post# 291912

Friday, 07/19/2013 9:36:23 PM

Friday, July 19, 2013 9:36:23 PM

Post# of 326434
Pop, my logic is that YA will vote FOR both Proposal #5 and #6 for every single share that YA is entitled to vote.

While YA has beneficial ownership of 10%, I don't know if YA actually owns any common shares or if it will be entitled to about 500 million votes (capped at 10%) by virtue of the Series C Preferred that it owns.

Others have said it is not possible to cast a number of votes that exceeds authorized shares but I suspect they may be wrong.
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