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Message: There may be a Legal way to stop this from continuing !!!!!!!!!
Ron, Virt, Brian,Wolf, Virt, Lamb, Bush, 12007s, Sed and ALL SHAREHOLDERS...... what do you think?
By our silence they will know us.........
In the definition of a quorum as noted below a quorum is needed to have a viable shareholder meeting. A quorum is a majority of outstanding shares.
So since the company has yet to agree to a live in person meeting why not just peacefully decide to withhold our votes? Therefore no majority i.e. no legitimate meeting.
If we do not vote, if we get our friends and family to withhold their votes, and this is very very important we must make sure our brokers and representatives do not and I repeat do not send in the proxy even if they leave it blank..... (A broker non-vote occurs when a broker returns a proxy but does not vote on a particular proposal because the broker does not have discretionary voting power).
Then it is possible that they will not have the number of shares needed by them to have a quorum and therefore a legitimate shareholders meeting.
Per shareholders statement from PTSC:
What is a quorum?
In order to carry on the business of the meeting, we must have a quorum. This means that at least a majority of the outstanding shares eligible to vote on the record date must be present at the meeting, either by proxy or in person. Abstentions and broker non-votes are counted as present at the meeting for determining whether we have a quorum. A broker non-vote occurs when a broker returns a proxy but does not vote on a particular proposal because the broker does not have discretionary voting power for that particular item and has not received voting instructions from the beneficial owner.
Ron, Brian and other attorneys is this our possible loophole to sink their virtual shareholder meeting?
If enough shares do not vote then we do have control at least that is the way I read it and of course it is just my opinion. Other opinions are more then welcome.
God Bless
Marc
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