Replies to post #54097 on Calypso Wireless (fka CLYW)

[HighRider]

From the COI.
(f) Any director or the entire Board of Directors may be removed, with or without cause, by a vote of the holders of a majority of the shares then entitled to vote at an election of directors (not withstanding the classification of the Board into members having staggered terms), except that
any director elected by the holders of Preferred Stock may only be removed by the holders of a majority of the shares of that class entitled to vote at an election of such director. Such vote may be held at any meeting of the shareholders, notice of which shall have referred to the proposed action.


So if you want to read this as a quorum you can, but that isn't correct. It clearly says a majority of shares entitled to vote. That would be 200 million shares entitled to vote and only 76 million voted to remove, some 25 million short of a majority. The other problem they have is this wasn't an election of directors, it was an election to remove williams. Turrini and company lose this one next week.

[downsideup]

Williams and is not a liar and a thief...

The rest of them are liars and thieves... or are willing to tolerate liars and thieves... thus enabling fraud.