Replies to post #19893 on American Energy Production Inc(fka AENP)

[whichever]

jsc, you need to vote to get the company out of the BDC status.

[whichever]

jsc, here it is. You need to vote.



Vote Required


Approval of the election of the directors requires a plurality of the votes cast.


Approval of the proposal to authorize the Board to withdraw the Company’s election to be treated as a BDC requires the affirmative vote of the lesser of: (1) 67 per centum or more of the voting securities present at such meeting, if the holders of more than 50 per centum of the outstanding voting securities of such company are present or represented by proxy; or (2) more than 50 per centum of the outstanding voting securities of such Company.
Each proposal is voted on separately and the approval of each proposal is not contingent upon the approval of any other proposal.

[tharmon51]

Yes, you need to vote. In the quorum section of the DEF 14A:

Broker non-votes and abstentions will be counted for purposes of determining the presence of a quorum, but will not be voted FOR or AGAINST a proposal. Accordingly, abstentions and broker non-votes effectively will be a vote against any proposal where the required vote is a percentage of the shares present or outstanding. Broker non-votes and abstentions will not be counted as votes cast for purposes of determining whether sufficient votes have been received to approve a proposal. However, abstentions and non-votes will operate as a vote against the proposal to authorize the Board to withdraw the Company’s election to be regulated as a BDC.

[freemarket]

I think your broker is wrong thats why all us long share holders voted for the change. I beleive a no vote is counted against not for. Can anyone else confirm my statement. If you are holding AMEP to make money in the long run VOTE for THE CHANGES. If you are a basher trying to convince everyone not to vote then you are going to have to try harder than this with a no vote. And in fact if you go to PROXY.COM and read the material as you vote it talks about a no vote as a vote against the changes SO IF YOU ARE TRUELY A LONG THEN VOTE FOR THE CHANGES.