Posted On: 12/23/2016 8:01:09 AM
Post# of 22462
It is their wording, not mine, contained in the Proxy statement. So , yes we can expect nothing less. And yes, the wording is specific, you just will not be provided the opportunity to read it. It will be likened to Obama Care, you can "Read it when it's Passed".
The Delaware bylaws provide that, unless otherwise provided by law or in the Delaware Certificate, the presence in person or by proxy of not less than one-third in voting power of outstanding shares is sufficient to constitute a quorum.
The Delaware Certificate will authorize the Board of Directors to define the rights, preferences and privileges of the preferred stock prior to issuance.
One-Third of the Preferred Shares represented in person or by proxy, shall constitute a quorum. By definition contained within the wording of the last proxy material, constitutes the Board or directors can do what ever they want and you cannot remove them.
The voting power of the assigned preferred shares will always be superior to the common shares.
The Delaware Certificate provides that any director may be removed only by the affirmative vote of sixty-six and two-thirds percent (66 2/3%) of the voting power of the outstanding voting power of the Company. The Company being represented by the Board of Directors.
In Nevada, The Nevada Bylaws provide that any director may be removed from office by a vote of at least two-thirds (2/3) of the voting power, unless the articles of incorporation require the concurrence of a larger percentage of the voting power. The voting power being held in the common shares as there are no preferred shares authorized under QMC articles of Incorporation .
Sunyn75
The Delaware bylaws provide that, unless otherwise provided by law or in the Delaware Certificate, the presence in person or by proxy of not less than one-third in voting power of outstanding shares is sufficient to constitute a quorum.
The Delaware Certificate will authorize the Board of Directors to define the rights, preferences and privileges of the preferred stock prior to issuance.
One-Third of the Preferred Shares represented in person or by proxy, shall constitute a quorum. By definition contained within the wording of the last proxy material, constitutes the Board or directors can do what ever they want and you cannot remove them.
The voting power of the assigned preferred shares will always be superior to the common shares.
The Delaware Certificate provides that any director may be removed only by the affirmative vote of sixty-six and two-thirds percent (66 2/3%) of the voting power of the outstanding voting power of the Company. The Company being represented by the Board of Directors.
In Nevada, The Nevada Bylaws provide that any director may be removed from office by a vote of at least two-thirds (2/3) of the voting power, unless the articles of incorporation require the concurrence of a larger percentage of the voting power. The voting power being held in the common shares as there are no preferred shares authorized under QMC articles of Incorporation .
Sunyn75
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