Thanks very much for the info. Providing us with
Post# of 15624
(Total Views: 511)
Posted On: 04/05/2019 11:54:58 AM
Thanks very much for the info. Providing us with a telephone number for the next conference would be great. You are right as to why proposal #2 passed. #1 refers to the number of outstanding shares, and #2 refers to the number of proxies sent in and present at the meeting.
This is spelled out right in the proxy material:
Proposal #1:
requires the affirmative vote of our stockholders representing a majority of the shares of Common Stock outstanding as of the Record Date. Brokers are authorized to vote without instructions on this proposal. Abstentions are included in the shares present at the Meeting for purposes of determining whether a quorum is present, and are counted as a vote against for purposes of determining whether the foregoing proposal is approved.
Proposal #2:
requires the affirmative vote of holders of a majority of the shares of our Common Stock present in person or by proxy at the Meeting. Brokers are authorized to vote without instructions on this proposal. Abstentions are included in the shares present at the Meeting for purposes of determining whether a quorum is present, and are counted as a vote against for purposes of determining whether the foregoing proposal is approved.
So to summarize, the votes AGAINST for #2 came all from the same shareholders that voted AGAINST #1...except for 15 million votes..puzzling but good because now they know what to do. You can rest assured that the shareholders that cast a FOR vote for #1 did exactly the same for #2.
The other consideration here is that I suspect there were also a few shareholders that may have voted FOR only because they may have felt that it was a foregone conclusion that the vote would pass....If that's the case then it's time to change your vote!!
This is spelled out right in the proxy material:
Proposal #1:
requires the affirmative vote of our stockholders representing a majority of the shares of Common Stock outstanding as of the Record Date. Brokers are authorized to vote without instructions on this proposal. Abstentions are included in the shares present at the Meeting for purposes of determining whether a quorum is present, and are counted as a vote against for purposes of determining whether the foregoing proposal is approved.
Proposal #2:
requires the affirmative vote of holders of a majority of the shares of our Common Stock present in person or by proxy at the Meeting. Brokers are authorized to vote without instructions on this proposal. Abstentions are included in the shares present at the Meeting for purposes of determining whether a quorum is present, and are counted as a vote against for purposes of determining whether the foregoing proposal is approved.
So to summarize, the votes AGAINST for #2 came all from the same shareholders that voted AGAINST #1...except for 15 million votes..puzzling but good because now they know what to do. You can rest assured that the shareholders that cast a FOR vote for #1 did exactly the same for #2.
The other consideration here is that I suspect there were also a few shareholders that may have voted FOR only because they may have felt that it was a foregone conclusion that the vote would pass....If that's the case then it's time to change your vote!!
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