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alexindef

12/14/12 2:38 PM

#116 RE: alexindef #115

those clowns have no choice to stay on NASDAQ with no r/s... nice step forward, Andi... idiots...

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8969261

At this meeting you will be asked to consider the following proposals:

1. To elect the seven director nominees named in the Proxy Statement to hold office until the next annual meeting of stockholders;

2. To ratify the appointment of CohnReznick LLP as the Company’s independent auditors for the fiscal year ending April 30, 2013;

3. To approve an amendment to the Certificate of Incorporation of the Company to effect a reverse stock split of the Company’s common stock, at a ratio of not less than one-for-two and not greater than one-for-ten, with the exact ratio to be set within such range in the discretion of the Board of Directors without further approval or authorization of the Company’s shareholders, provided that the Board of Directors determines to effect the reverse stock split and such amendment is filed with the Secretary of State of Delaware no later than one year from the date of the Annual Meeting. The purpose of this proposal is to enable the Company to regain compliance with the minimum per share bid price requirement so that we may continue our listing on The NASDAQ Capital Market;

4. To approve an amendment to the Certificate of Incorporation of the Company to increase the Company’s authorized shares of common stock from 25,000,000 to 100,000,000;

5. To approve the potential issuance of more than 20% of the Company’s issued and outstanding common stock at a price that is less than the greater of book or market value in accordance with a securities purchase agreement between the Company and the Buyers named therein, dated December 4, 2012 (the “Private Placement”); and

6. To act on such other matters as may properly come before the meeting or any adjournment there.