I appreciate your comment re voting. However, I think you may be wrong when you say "NTEK will mail you a packet". This would apply if you owned the shares in your own name (as in, you bought the shares through a broker and then had the share certificates sent to you and held them in your hot little hand). However, if you own them in "Street Name" (your broker holds them in your account), NTEK does not in fact know that you own them personally, but rather that Scottrade, Ameriprise, ETrade, etc. own "x" shares for the benefit of their customers. Although NTEK can inquire of brokers the names of the customers who own its shares, it may also choose to provide the brokers with the Proxies (either in written or digital format) so that the brokers can then provide a copy to the appropriate NTEK shareholders. The number of shares you get to vote will depend on your ownership on a specific date. It usually makes no difference to the shareholder because they get to vote their shares, but it does mean we may not be receiving a "proxie" from NTEK in the mail. It's simply a procedural matter. The substantive matter is that you still get to vote your shares.
The really big thing is what is disclosed in the proxie statement. It can be very detailed or very broad. It ought to be very interesting and I expect that it will increase the readership of this board, with the daily posts going through the roof.
One question I do have right now deals with open and naked short positions. Do these folks have to close their short positions since they will not be entitled to vote their short shares? Anyone know the answer?
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