News Focus
News Focus
icon url

RisknReturn

07/19/13 1:31 PM

#291893 RE: vero #291892

Vero, I certainly hope you are correct.

If you are, then that would explain why there wasn't further disclosure in the proxy about Series C voting rights since they would be irrelevant.
icon url

Personalizit

07/19/13 1:51 PM

#291894 RE: vero #291892

You are correct. I checked and had it confirmed: No more than 5B.
icon url

Poptech

07/19/13 4:15 PM

#291899 RE: vero #291892

vero: Why wouldn't you assume preferred shares would be counted before common?

If we assume the proxy is wrong, the math still gives it to YA.

About 1/2 of retailers will vote their shares. Generously, that is 2 million votes. If one of the options gets 1.5M retailer votes, it still isn't enough to carry the day.

What YA wants YA gets.