The original vote still stands. As we know the sh
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Posted On: 04/15/2019 9:06:06 PM
The original vote still stands. As we know the shareholders voted in favour of proposal #2:
At this point there is no way that the company is going to announce another meeting date any time soon. If they were going to go that route, they would have adjourned the meeting to another date. They cancelled "due to the lack of a sufficient number of votes in favor of Proposal 1". I think the company will now regroup, consider another course of action, and if they are not squeezed for time, they will come up with another proposal for a vote at a later date that is much more palatable to shareholders.
Quote:
To approve one or more adjournments to the Meeting, if necessary or appropriate, to permit further solicitation of proxies if there are not sufficient votes at the time of the Meeting cast in favor of Proposal No. 1
At this point there is no way that the company is going to announce another meeting date any time soon. If they were going to go that route, they would have adjourned the meeting to another date. They cancelled "due to the lack of a sufficient number of votes in favor of Proposal 1". I think the company will now regroup, consider another course of action, and if they are not squeezed for time, they will come up with another proposal for a vote at a later date that is much more palatable to shareholders.
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