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exwannabe

05/20/19 4:45 PM

#228169 RE: reg2015 #228163

Minor point. Jerry is correct, but there is an exception.

If somebody(ies) controls 50+% of the stock they do not need to vote. They simply assert they approve it, and that replaces a vote.

This might have been the case in the last NWBO R/S (I would need to look it up).

It is not the case now, LP and friends do not have 50+%, they need a vote.

BTW, I think a R/S is very unlikely.