I don't know why this is even a sticky let alone topic as I thought everybody knew how small caps work. Although it may mean one vote, it's one vote per share.
There is absolutely no need in pinks to take a vote as a whole on ANY stock. That is why the CEO, President, or what ever always has a controlling interest. If one person has a controlling interest, above 50%, of the stock ownership, that is the only vote you need as his or her single vote as a person represents a majority of the overall stock issued and outstanding.
To vote as a common shareholder means nothing as even if everybody voted against an issue the majority holder voted for, the majority of the issued stock passes the vote with his single vote. It's always around 51% or better with safeguards in preferred and restricted shares to protect a corporate take over.
A good movie about that stars Danny Devito in "Other Peoples Money" If you all like stock games in the corporate world it's a must see.
I hope that explains things a little for some. Us shareholders rarely have a say in any matter as common holders. Even holding a good chunk of the preferred means nothing unless you are the one holding the controlling interest, then it means everything.
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