I have owned a number of securities whose shareholder meetings didn't include an election of Directors. Personally, I'd find it strange to hold an election of Directors less than two quarters after the hiring of a new CEO, CFO, and COO. It's funny, but of all the bashing and mud slinging we've all seen on these boards, I don't recall anyone ever criticizing SEVU for hiring new Corporate Officers without a shareholder vote. Maybe the suggestion that a vote for Directors should be taken as a good sign, as even the company's critics are running out of things to complain about.
Not that anyone cares what I think, but as far as I'm concerned, SEVU has plenty of more important issues to address with their shareholders than an election of a Board of Directors. The question of SEC filings comes to mind, as does an update on business plans and performance. It has been suggested that perhaps McBride isn't required to report the purchase of additional shares, since he has already passed the threshold of significant ownership. I don't know if that's valid or not, but I don't believe anyone here has proven otherwise. It's quite possible that SEVU Attorneys have bothered to research it.
If there was ever a company whose shareholders deserve a meeting, SEVU is it.
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