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misterbull

10/08/07 2:22 PM

#74228 RE: cfpjbs #74225

cfpjbs, Thanks for the information. It's an odd way of doing business. - Misterbull
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moldy

10/08/07 2:32 PM

#74229 RE: cfpjbs #74225

I would submit, the record date is for the div, not voting.
Scottrade says, Only shareholders at the time of the vote are allowed to vote. If you sell the day of the meeting, and then vote, your vote will be cancelled when the count is verified. Each voter will have a pin number, that will be verified.
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bonesmccoy

10/08/07 3:17 PM

#74240 RE: cfpjbs #74225

cfpjbs - I disagree on your assessment of voting rights. I own a substantial number of shares. These shares were purchased after 2-15-07. If your interpretation were correct, then the shareholders of 2-15-07 would be able to vote on the pending matters. That would be incorrect because a person owning a million shares on 2-15-07 would get one million votes even if they owned zero shares as of 10-1-07.

Meanwhile, a shareholder owning a million shares purchased 10-1-07 would have no vote, but they would have much higher risk exposure and commitment to the company.

As the owner of well over 100,000 shares, I fully expect to vote.

If the T/A does not get me a ballot or an explanation by the end of the week, there is little to encourage further exposure.