Re: Miles (and all)...
in response to
by
posted on
Jul 14, 2010 03:43PM
Was this the proposal that was requesting the Company to violate Delaware law, was not a proper subject for stockholder action under Delaware law, and was vague and indefinite?
http://www.sec.gov/divisions/corpfin/cf-noaction/14a-8/2008/patriotscientificcorp082108-14a8.pdf
Perhaps, a valid proposal would have been included on the proxy, without the need to expend $7,000 on one for which simple DD would have indicated the flaws which predicated the refusal?
Shouldn't the pitfalls that await the lay person be at least knowable to those qualified in Law?
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Be well