Replies to post #121151 on Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

"After filing proxy statement does Leo have to wait for a reply back from SEC before the share holders meeting can take place?"

Yes. Here's the process as I understand it:
1. A Preliminary Proxy Statement (Pre 14A) is filed, including the date of the meeting and its purpose(s).
2. A review is done and any necessary changes are made....these can range from simple typos to the addition of an item that calls for a vote...in the example I looked at a new Auditor had been engaged and a vote was to be taken to ratify that appointment.
3. A Definitive Proxy Statement (Def 14A) is filed incorporating the changes. Usually the meeting date has been set far enough in advance to allow for a review period and the filing of the Definitive Statement without having to change it.
Notice to shareholders (by Nevada law anyway, unless the Articles of Incorporation say different) must be provided at least 10 days and at most 60 days before the proposed meeting date.

In the single sample I looked at:
Preliminary Statement filed on 11/17/14 scheduling a 1/23/15 meeting.
Definitive Statement filed on 12/5/14, no change in meeting date.


Obviously this is just one sample and I expect we could find company's who have their stuff together that can file the Definitive Statement a week after the Preliminary Statement based on its clarity and accuracy and other company's whose Preliminary Statement requires a lengthy review.