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Posted On: 09/03/2020 11:07:53 PM
Post# of 15624
This was the 8-K from yesterday.
https://ih.advfn.com/stock-market/USOTC/owc-p...filing-8-k
Essentially what this 8-k is telling us is that the only vote that did not require a quorum is proposal #3. Proposals #1 and #2 requires a quorum that consists of a simple majority of 50% of the eligible votes + 1. They were not able to achieve this threshold and that is the reason why the vote has been extended and the meeting adjourned to September 14.
The above is not surprising. I, for example, did not get my voting materials until two days ago. I can only imagine how many other shareholders were not even aware that there was a meeting.
https://ih.advfn.com/stock-market/USOTC/owc-p...filing-8-k
Essentially what this 8-k is telling us is that the only vote that did not require a quorum is proposal #3. Proposals #1 and #2 requires a quorum that consists of a simple majority of 50% of the eligible votes + 1. They were not able to achieve this threshold and that is the reason why the vote has been extended and the meeting adjourned to September 14.
The above is not surprising. I, for example, did not get my voting materials until two days ago. I can only imagine how many other shareholders were not even aware that there was a meeting.
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