(Total Views: 468)
Posted On: 10/21/2019 3:58:15 PM
Post# of 86972
Hello, I'm new to the board and a current 'long' shareholder that is optimistic on UNVC.
Curious what others think about the consideration below...
I chatted over the weekend with etrade - both a standard customer service rep and a licensed rep. They specifically confirmed for me that being unable to purchase unvc online was not any kind of etrade technical issue. They said it was stock specific and the licensed rep suggested there may be "some kind of corporate action coming up requiring the additional verification".
So here is what I think could *possibly* be going on (which carries no more more value than the next guys )...
Typically Corporate actions must be voted on by shareholders. Also, the addition of board members must typically be voted on by shareholders. The CEO can usually nominate them but the shareholders must approve them through a vote.
Shareholders can have different voting values based on how many shares they hold at a given point in time. Meaning, the stock custodian needs to have a clear and current inventory of what shareholders own (and sometimes for how long they've held the shares) in order to prepare their voting ballot.
I wonder if we may get something from UNVC shareholder relations in the mail for us to either vote the new board members into their seats, or maybe some other kind of acquisition/merger/re-org activity. But either way shareholders would typically have to vote on those moves.
Again, this is just one thought but I'm curious if any of you that have held unvc for a long time have ever received any kind of voting material?
Curious what others think about the consideration below...
I chatted over the weekend with etrade - both a standard customer service rep and a licensed rep. They specifically confirmed for me that being unable to purchase unvc online was not any kind of etrade technical issue. They said it was stock specific and the licensed rep suggested there may be "some kind of corporate action coming up requiring the additional verification".
So here is what I think could *possibly* be going on (which carries no more more value than the next guys )...
Typically Corporate actions must be voted on by shareholders. Also, the addition of board members must typically be voted on by shareholders. The CEO can usually nominate them but the shareholders must approve them through a vote.
Shareholders can have different voting values based on how many shares they hold at a given point in time. Meaning, the stock custodian needs to have a clear and current inventory of what shareholders own (and sometimes for how long they've held the shares) in order to prepare their voting ballot.
I wonder if we may get something from UNVC shareholder relations in the mail for us to either vote the new board members into their seats, or maybe some other kind of acquisition/merger/re-org activity. But either way shareholders would typically have to vote on those moves.
Again, this is just one thought but I'm curious if any of you that have held unvc for a long time have ever received any kind of voting material?
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