Replies to post #25211 on Praxsyn Corp (PXYN)

[cdhames]

Most common here hold Street Shares. If you hold street shares through tdameritrade, etrade or another broker, then your broker/nominee serves as proxy, and you should request proxy materials from them. It's not technically your name on those shares, it's your brokers, and they hold those shares on your behalf.

It sounds as if PXYN is sending voting material directly to registered shareholders. I would guess the rest are sent to proxys and the proxys are sitting on them.

[lampshade711]

RE:Shareholders of Praxsyn, are you telling me that prior to November 3 2014, Praxsyn did a shareholder mailer to the public shareholders regarding the election of directors AND did an additional mailer to the shareholders in November??????
I don't think so... the board is not legally constituted... none of its actions are valid...


I DID NOT

[sensible]

Yes. PXYN did a mailer on November 7, 2014 to ALL the shareholders, either directly, through Broadridge, its legally appointed transfer agent, or through Broadridge to the brokers who delivered it to the shareholders. They noticed them through an 8-K and did not effectuate the transaction until December, far, far past the 5 day minimum period.

The shareholders were able to do this as they received 500,000,000 votes under the PAWS/PDC deal. They also got the votes of other PXYN shareholders. Far more than needed and the 5 day period was observed.

It read:

NOTICE OF INFORMAL ACTION BY THE SHAREHOLDERS OF PRAXSYN CORPORATION

November 3, 2014

Dear Shareholder:

In accordance with Section 7.10 of the Illinois Corporation Act of 1983 (the "Act"), notice is
hereby given to all of the shareholders of Praxsyn Corporation, an Illinois corporation
("Company"), that the majority of the shareholders, in accordance with the Articles of
Incorporation and the Act, took the following actions without a meeting, and without a vote, with
respect to the following actions:

• The officers of the Company are authorized to change the Company's domicile from
Illinois to Nevada by: a) filing a Certificate of Domestication in Nevada, along with refiling
the articles of incorporation and redrafting the bylaws to be in accordance with the Nevada
corporate law; and b) filing for the dissolution of the Illinois entity with the Illinois
Secretary of State, which shall include, amongst other items, the filing of the dissolution
documentation and the final tax return for the Illinois entity; and

• Edward Kurtz, John Garbino, Evon L. Midei, Jonathan Renkas, M.D., and Kelly Reynolds
shall serve as members of the board of directors, and Mr. Kurtz shall also serve as the
Chairman of the Board, until their successors are duly elected and qualified, or unless
sooner displaced.

On behalf of the board of directors and the officers of the Company, we thank you for your continued support.

Sincerely,
Edward Kurtz, Chief Executive Officer anctChairman
of the Board of Directors