InvestorsHub Logo
icon url

namtae

03/11/15 8:13 AM

#25233 RE: sensible #25232

Curious... how did PXYN receive 500m votes in Nov 2014 when there were much less common shares I&O?

Its possible some of the derivatives that account for the over 1.6 billion FD had voting rights but that would be very uncommon and rare.

maybe you have that answer to save time in researching voting rights on all the other security instruments
icon url

DartmouthDan

03/11/15 9:28 AM

#25239 RE: sensible #25232

I hear what you say, but the Illinois statute is clear
Notice has to be given 5 days BEFORE the consent action is taken and a second notice AFTER it is taken.
They did not comply. They provided one notice after it was taken. So the action to reincorporate in Nevada and to elect new directors is void. No good.
Filing an 8-K is not written notice to shareholders, either.