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loanranger

06/28/17 7:58 PM

#38941 RE: clearmont88 #38938

What's not true?

Here's the whole post, beginning with your statement:
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"4) The Company was interested in making quorum with the least expense associated."

There are ways to do that that are proper and there are ways that aren't.
Just one question and I'd love to hear from some of the shareholders posting here:

Did everybody get a proxy? It would have come via snail mail or email from Proxyvote.


Because the least expensive and easiest way to reach a quorum would have been to just reach out to the dozen or so largest holders to assure that they were aware of the election and that they were going to vote "the right way".

The fact that a quorum was reached by a mustache hair certainly got my attention and I didn't hear a single person on this board announce that they had received their proxy. That strikes me to be a very unusual set of facts.
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ALL the stockholders of record at the close of business on April 27, 2017 were entitled to receive notice of and to vote at the Special Meeting.
I'm still waiting to hear from a shareholder who held their shares in a brokerage account at that date who was provided with a proxy.

"It is a bit complicated, but that's how the process works."
I understand the process and that's how it is SUPPOSED to work. Companies figure out how to make it work every day.

You and the TAUG consultant are doing a fine job of making my point.

diannedawn

06/28/17 8:50 PM

#38942 RE: clearmont88 #38938

Interesting...


That's not true

The Company absolutely mailed Proxies to every shareholder on the Registered list

The non registered list (or Street name shares) also known as CEDE, is a different process. The brokers facilitate those votes (Known as Broker Votes), as the shares are held in those brokerage accounts rather than certificate form.

It is a bit complicated, but thats how the process works. It's archaic and cumbersome

The Company did everything properly and successfully reached quorum. albeit by a small but legal and lawful margin


How is it that someone can know this?
of course an insider might know....
Like BSeth?
Perhaps we could have PROOF?

ROTFLMAO