Of the items to be voted on, the most controversial seems to be the vote on Board members. For example, a year ago Xanthopoulos did not receive a majority of the voted shares. On the other hand, maybe the company is concerned about getting a majority of the voted shares to retain a new accounting firm and reincorporate in Delaware. In the past, there have been posters that have recommended voting against all items in protest.
I think most shareholders if asked would vote in line with the recommendations of the Board of Directors...if for no other reason than they don't have enough information to want to vote otherwise. By contacting as many shareholders as possible, the odds are high that most voted shares would support the proposals on the ballot. That may sound like conspiracy...but it isn't. What you don't see are arguments for and against.
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