I found my proxy info online. I don't want to sou
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Posted On: 05/24/2020 9:25:51 PM
I found my proxy info online. I don't want to sound too defeatist, but it sounds as if they are going increase the outstanding shares no matter what.
They want the annual meeting "adjourned". I don't know what the legal meaning of that is, but it sounds a lot different than "postponed." But the reason given is to make sure they can increase the authorized shares.
So increasing the shares is paramount in their plans. I don't know why they need more shares authorized. Whatever the reason, I doubt that it's going to help the average shareholder.
One only needs to look at the share price to conclude that it isn't looking good.
They want the annual meeting "adjourned". I don't know what the legal meaning of that is, but it sounds a lot different than "postponed." But the reason given is to make sure they can increase the authorized shares.
So increasing the shares is paramount in their plans. I don't know why they need more shares authorized. Whatever the reason, I doubt that it's going to help the average shareholder.
One only needs to look at the share price to conclude that it isn't looking good.
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