(Total Views: 650)
Posted On: 04/01/2019 8:07:21 PM
Post# of 15624
THIS IS ABSOLUTELY NOT TRUE!!!!! Before anybody posts something as being new, I would suggest they familiarize themselves with the typical language used in these 10-Ks.
The following is a link to the 2017 10-K:
http://app.quotemedia.com/data/downloadFiling...2018-04-16
The last paragraph on page 37 is IDENTICAL to the current 10-K
My point in all of this is that this clause wasn't just put in because there is a shareholders meeting coming up.
The following is a link to the 2017 10-K:
http://app.quotemedia.com/data/downloadFiling...2018-04-16
The last paragraph on page 37 is IDENTICAL to the current 10-K
Quote:
Our directors and executive officers and present shareholders holding more than 5% of our Common Stock beneficially own a signficiant percentage of our Common Stock on a fully diluted basis. Accordingly, if these shareholders were to choose to act together, they could have a significant influence over all matters requiring shareholder approval, including the election of directors and approval of significant corporate transactions, such as a merger or other sale of our Company or all or a significant percentage of our assets. This concentration of ownership could limit your ability to influence corporate matters and may have the effect of delaying or preventing a third party from acquiring control over us.
My point in all of this is that this clause wasn't just put in because there is a shareholders meeting coming up.
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