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joelawyer

08/01/16 10:54 PM

#39098 RE: weo1998 #39096

Ok, Weo, you're a CEO of a company that has been paralyzed from advancing to a higher exchange because the antiquated corporate structure requires a two-thirds vote of the shareholders to make the necessary changes. You can get a majority to vote in favor, but you cannot get two-thirds to even respond with their vote.
How do you move forward on behalf of the majority who do respond and vote?

Using the available "super voting" shares, Bob Ferris can actually move things forward according to the wishes of a majority, without having to get the two-thirds vote. How is that not facilitating the will of the majority?