Replies to post #42229 on Creative Edge Nutrition Inc (FITX)

[BingBing90]

This depends on how much shares the CEO owns, if its more than 50 percent then he's the majority vote anyways right?

[BeachBum]

Oh lord! Have you ever heard of preferred with voting rights? Pink sheet directors ALWAYS structure in such a way where your vote doesn't count and they can never be voted out by minority commoners. Even if enough preferred isn't issued to ratio your vote unnecessary, they can always issue more restricted voting commons to directors. The only time a proxy is sent to the common folk is when the company wants you to think you matter.