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exwannabe

06/27/24 12:08 PM

#701542 RE: Poor Man - #701529

The vote is always skewed in favor of large friendlies and insiders. The smaller retail typically doesn’t bother, so there’s alway a large percentage of eligible votes that are not cast. So, I wouldn’t be surprised if your percentage turns out to be right. For the most part it’s optics, so I doubt it will mean anything as a matter of law,


No argument on vote stats. Yes will win. Maybe 85% of votes cast and 55% of total shares eligible to vote.

There is a legal issue in play though. If LP can somehow convince the court that "true up" (as used repeatedly by the BOD wrt the 2020 option grants) does not mean true up (as used in plain English), then this vote (unlike the previous vote) would be valid confirmation. And that would make the case an easy win for LP.

If LP cannot win the "true up" argument, the vote means nothing as once more the voters would have voted on a fraudulent assertion by NWBO.

Hardly matters. Once the case is over they will have another round of option awards (this time with no mention of true ups) that bring them up to about 20% of the company again.