The total votes required to satisfy quorum is abou
Post# of 30027
Posted On: 08/08/2015 10:43:42 AM
The total votes required to satisfy quorum is about 4,963,648. Series C, D and E Convertible Preferred Stock holders have about 2,755,555. Management holds about 1,742,264. Another 539,147 is owned by Nerveda LLC. So the total owned by insiders is 4,497,819. All that is left to satisfy quorum is only 500,000.
Even with the requirements of only stockholders of record on or prior to July 10, 2015 can vote, it is a little baffling that we were not able to satisfy quorum.
Any thoughts on this?
Even with the requirements of only stockholders of record on or prior to July 10, 2015 can vote, it is a little baffling that we were not able to satisfy quorum.
Any thoughts on this?
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