I have a little light to shed on this so that we a
Post# of 30070
Posted On: 10/06/2016 2:46:28 PM
Re: investorxc #24031
I have a little light to shed on this so that we are not completely in the dark. I emailed the proxy solicitation firm and found out the folllowing:
The company filed its preliminary proxy statement with the SEC.
No record date or meeting date has been set.
The preliminary proxy is under SEC review (which is pretty standard).
All shareholders will be receiving documents, including ballots, after the required review period at the SEC.
There is no estimate of the time period.
The length of time this SEC review process takes largely depends on the number and type of comments from the SEC, the company's and company counsel's reactions to the comments, and whether the company wants to argue with any of the SEC's requests for revisions. This can take weeks.
Once the SEC has confirmed that it has no more comments, the company can file its definitive proxy statement and begin mailing it to its stockholders.
The company filed its preliminary proxy statement with the SEC.
No record date or meeting date has been set.
The preliminary proxy is under SEC review (which is pretty standard).
All shareholders will be receiving documents, including ballots, after the required review period at the SEC.
There is no estimate of the time period.
The length of time this SEC review process takes largely depends on the number and type of comments from the SEC, the company's and company counsel's reactions to the comments, and whether the company wants to argue with any of the SEC's requests for revisions. This can take weeks.
Once the SEC has confirmed that it has no more comments, the company can file its definitive proxy statement and begin mailing it to its stockholders.
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I remember GC tweeting last Spring that they postponed the vote then because they were told by the SEC they needed to file the 10-K first. Not sure if there is any law that states the filings - the 10-Q in this case need to be current before a vote?
I don't see why they would want to approve the R/S with just the consent of the note holders. Even though they have the majority voting rights and would out-vote the shareholders, why not have the vote anyway and why would they have issued the preliminary proxy? They haven't cancelled the meeting yet, haven't filed the 10-Q- no update. We are in the dark at this point.
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