A record date is a date announced by the company as the official date you must be an owner on the company's records in order to participate in the annual meeting and corporate election. Given that the timeframe to settle a securities transaction in the United States. is generally three days, an investor interested in being an owner on record date would have to purchase the company's securities at least three days prior to the record date.
You can view "Spotlight on Proxy Matters — The Mechanics of Voting" from the SEC link:
Hopefully it will shed some light on what can be a very confusing process. In the event you are holding shares in this company, GOOD LUCK! I'm in with 150K shares at $0.13 avg. share price.
I'm in agreement that there is fraud woven in the recent actions taken by the company. But I also think that there is more "STUPIDiTY" at play than anything else. The individuals spearheading the Delicate effort are a group of very well compensated amateurs hiding nicely behind their scripted SEC Filings. The management and BOD are more like cardboard cutouts in comparison to George E. of Dryships Inc. fame.
We will know soon enough but Ayrton did not buy shares on open market, how can people still not understand that. Hudson Bay did not buy shares either. Logically I see it is clear about the 100 M or so shares and how they voted and why.
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