Mosaic ImmunoEngineering is a nanotechnology-based immunotherapy company developing therapeutics and vaccines to positively impact the lives of patients and their families.

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Message: hmmmm
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Sep 10, 2010 04:43PM
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Sep 10, 2010 11:41PM

"The Proxy Voting Process

Public companies across the country hold elections to select members of their boards of directors, which oversee the management of the company. In most cases, the existing directors nominate the slate of candidates and the company sends information to the shareholders through so-called proxy materials, so those shareholders have information to vote their shares.

But, because the shareholders rarely have any input into the slate of candidates, they are not always able to vote for the person they believe may be best suited to fill the post.

In many situations, companies permit shareholders to show up to the annual shareholder meeting where the election occurs and nominate different candidates than the ones on the ballot. But, by then it is too late to be meaningful because the proxy votes will have already been cast.

As a result, shareholders who wish to nominate their own candidates today must launch a proxy fight in which they mail out their own ballots."

SEC Rule 14a-8(i) (8) specifically states that a shareholder proposal can be excluded from proxy material if it relates to the nomination or election of a person to the board fo directors. Therefore, you were never going to get in the proxy material unless the company elected not to exclude you from it. That doesn't mean you can't run, it just means the odds are against you and you'd have to launch a proxy fight.

Your SEC letter is meaningless, so I can only believe it was posted here as a misdirection.

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