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dr_sinecure

08/06/07 4:00 PM

#31178 RE: tharmon51 #31173

<<To balance out that automatic "no", the option to adjourn and encourage non-voters to vote ensures that the R/S proposal can not be defeated without the majority of the shares actually voting against.>>

....Or approved without a majority voting for. I just don't want to see this unresolved for 1 or 2 years. I think that would guarantee the sub-penny level.

Thanks for your input

Bill
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Manti

08/06/07 6:14 PM

#31199 RE: tharmon51 #31173

tharmon: as dr_s said, it may be so that they can pass the rs WITHOUT a majority. What if the plan is to lull the average investor to sleep by making them THINK that by not voting it is a NO vote, and then they pull a fast one and adjourn the meeting to another time and place that is only known by those in attendance (the next day), and there they vote for the rs? I've seen nothing in writing that precludes this. The proxy ballots are only good for the currently scheduled meeting... right? Bottom line, mistrust is very high right now due to the actions of management.