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Posted On: 05/18/2017 3:30:14 PM
Post# of 41413
Re: jonthezman #35027
This is the Definitive14a filing that specified exactly what is required to pass the name change and R/S: https://www.sec.gov/Archives/edgar/data/86918...def14a.htm
Under New York law, the quorum requirement for holding the Special Meeting is one-third of the votes of shares entitled to vote. Broker non-votes are not counted for the purpose of determining the presence of a quorum. In order to meet the quorum requirement for holding the Special Meeting and transacting business, holders of a total of 3,186,622,519 shares must be present in person or represented by proxy at the Special Meeting.
Approval of the Name Change Proposal requires the affirmative vote of a majority of the issued and outstanding shares of Common Stock and Series C Preferred Stock voting as one class. Abstentions are considered present for purposes of establishing a quorum but will count as a vote against the Name Change Proposal.
We met that quorum by the Special SHM, and I think by law Igor's shares aren't counted toward a vote nor do they count toward the total O/S when it comes to getting 51% of votes FOR the R/S and name change. Although, the filing does state 9.4B O/S so I'm not 100% sure about that.
Under New York law, the quorum requirement for holding the Special Meeting is one-third of the votes of shares entitled to vote. Broker non-votes are not counted for the purpose of determining the presence of a quorum. In order to meet the quorum requirement for holding the Special Meeting and transacting business, holders of a total of 3,186,622,519 shares must be present in person or represented by proxy at the Special Meeting.
Approval of the Name Change Proposal requires the affirmative vote of a majority of the issued and outstanding shares of Common Stock and Series C Preferred Stock voting as one class. Abstentions are considered present for purposes of establishing a quorum but will count as a vote against the Name Change Proposal.
We met that quorum by the Special SHM, and I think by law Igor's shares aren't counted toward a vote nor do they count toward the total O/S when it comes to getting 51% of votes FOR the R/S and name change. Although, the filing does state 9.4B O/S so I'm not 100% sure about that.
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