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biosectinvestor

07/14/22 10:45 AM

#494861 RE: dennisdave #494855

The law is not exactly what you think either. It starts with there not being such a meeting and what that means… not much consequence, legally. And then it gives stockholders a remedy. But the company likely has reasons for delay, we just do not know them and they likely can’t divulge them, so a stockholder request will likely lead to a peremptory meeting that does the bare minimum, and then, whatever it is they’d need to do later, they might need to issue a new shareholder proxy. But these things are not inexpensive, so it can reduce flexibility and add cost and generally be unhelpful. They know their responsibilities.