(Total Views: 451)
Posted On: 08/25/2019 12:02:01 PM
Post# of 154849
While Cydy has until oct 23 to repurchase the 8 millions shares there is the point of a shareholders meeting and voting coming up on september 12th.
8 million votes or not can make quite a difference.
Cydy could (would, should?) exercise their repurchase rights before that meeting, depriving RP to vote with these shares.
By objecting to this for cause termination he’s making clear that he’s entitled to vote with these shares even if Cydy repurchased them.
In other words yes votes would better exceed no votes by >8,342,000 if Cydy indeed repurchases the shares.
I don’t want to complicate things any further, but the repurchasing thing could become very important when it comes to shareholders votes.
I would suggest as many people as possible to vote yes on the proposals. RP has a lot of shares and quite some voting power and he is no friend of the current Bod who are up for reelection.
8 million votes or not can make quite a difference.
Cydy could (would, should?) exercise their repurchase rights before that meeting, depriving RP to vote with these shares.
By objecting to this for cause termination he’s making clear that he’s entitled to vote with these shares even if Cydy repurchased them.
In other words yes votes would better exceed no votes by >8,342,000 if Cydy indeed repurchases the shares.
I don’t want to complicate things any further, but the repurchasing thing could become very important when it comes to shareholders votes.
I would suggest as many people as possible to vote yes on the proposals. RP has a lot of shares and quite some voting power and he is no friend of the current Bod who are up for reelection.
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