PEGY At .047 Shareholders voted down RS and AS raise. Note holders cant convert. No mention anywhere of this on twitter or pump boards. Think people missed it because a majority voted for it not understanding the by laws of some corporations and states. 8-k out yesterday. Wonder when momo will pick it up.
The results for each of the proposals submitted to a vote of shareholders at the Special Meeting are as follows:
Proposal 1: Reverse Stock Split Proposal
The Company's shareholders did not approve an amendment to the Company’s Amended and Restated Articles of Incorporation to effect a reverse stock split of the issued and outstanding shares of the Company’s Common Stock at a ratio within a range of 1-for-25 to 1-for-200 by voting as follows:
For Against Abstain 27,625,617 6,441,977 51,279
Proposal 2: Authorized Share Amendment Proposal
The Company’s shareholders did not approve an amendment to the Company’s Amended and Restated Articles of Incorporation to increase the number of authorized shares of the Company’s Common Stock from 112,500,000 to 2,000,000,000 by voting as follows:
For Against Abstain Broker Non-Votes 21,070,030 5,934,760 35,700 7,078,383
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