AI
| Followers | 5 |
| Posts | 261 |
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| Alias Born | 10/22/2012 |
Tuesday, October 15, 2013 2:37:18 AM
Please help me understand something. In order to change the share count, that is the # of authorized shares, they need a majority approval by shareholders. Is that correct?
If that is true and insiders hold the majority, do they have to even ask shareholders? Can't they just call a special meeting, waive notice, vote on a new share count and call it a day?
Really, what is the point in arguing this? Saying that you don't have to call the company because they will assuredly lie is not exactly due diligence. I am going to believe what they said in the last Q and believe that the next Q will shed additional light.
If that is true and insiders hold the majority, do they have to even ask shareholders? Can't they just call a special meeting, waive notice, vote on a new share count and call it a day?
Really, what is the point in arguing this? Saying that you don't have to call the company because they will assuredly lie is not exactly due diligence. I am going to believe what they said in the last Q and believe that the next Q will shed additional light.
