Alapis made the following post on IHUB. Since I ca
Post# of 30028
Posted On: 08/28/2014 11:01:12 AM
Alapis made the following post on IHUB. Since I can't set the record straight there, I'll do it here, for the benefit of any new shareholders who might have read it and might be concerned by this sadly uninformed post. Bold highlighting added by me.
First, there is NO WAY you can guarantee anything about how most retail shareholders will vote. Most shareholders don't share your opinion that management sucks, and that assessment is based on how very few posts we see making that claim. While it might be your opinion the votes for the increase will be lacking, making the statement you GUARANTEE it is ridiculous.
If you truly believe management sucks, why are you still a shareholder, and if you're not a shareholder, why would you care how anyone votes? Seriously, this is not an attack on you, but many of us would like to know what kind of a moron would continue to hold shares in a company where they believe management sucks as you believe?
Second, you are seriously misinformed if you believe preferred shareholders can control the vote without retail shareholder input. I have already proven this with shareholder data provided in the proxy filing. Perhaps you should review it and learn how many common share votes will be needed from the retail shareholder to approve the AS increase. Only one class of preferred shares have any voting rights, and these were disclosed in the proxy filing. The rest is basic math, already covered in a post I made almost two weeks ago:
http://investorshangout.com/post/view?id=1867491
Looks like our friend Ollie, The IRRELEPHANT, needs some trampoline time.
– The IRRELEPHANT –
Posting Irrelevant Nonsense on a Message Board Near You
Quote:
GC will give some updates on the CC which will MIGHT help the stock to stabilize but nothing more... i can guarantee you that most of the retail shareholders will vote against the increase in A/S ... while he can force it with the preferred owners without retail he should ask himself if he is doing the right things....he is and remains the wrong person at the wrong place.
First, there is NO WAY you can guarantee anything about how most retail shareholders will vote. Most shareholders don't share your opinion that management sucks, and that assessment is based on how very few posts we see making that claim. While it might be your opinion the votes for the increase will be lacking, making the statement you GUARANTEE it is ridiculous.
If you truly believe management sucks, why are you still a shareholder, and if you're not a shareholder, why would you care how anyone votes? Seriously, this is not an attack on you, but many of us would like to know what kind of a moron would continue to hold shares in a company where they believe management sucks as you believe?
Second, you are seriously misinformed if you believe preferred shareholders can control the vote without retail shareholder input. I have already proven this with shareholder data provided in the proxy filing. Perhaps you should review it and learn how many common share votes will be needed from the retail shareholder to approve the AS increase. Only one class of preferred shares have any voting rights, and these were disclosed in the proxy filing. The rest is basic math, already covered in a post I made almost two weeks ago:
http://investorshangout.com/post/view?id=1867491
Looks like our friend Ollie, The IRRELEPHANT, needs some trampoline time.
– The IRRELEPHANT –
Posting Irrelevant Nonsense on a Message Board Near You
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