Let me try this by giving an example from your field of experience. When considering a charge of DUI, the BAC has to be 0.08% or higher, consequently if it is lower there can be no DUI charge. Do you agree?
Now turning to Rule 14a-11, it clearly states a minimum market cap of $75 million.
http://www.sec.gov/rules/final/2010/33-9136.pdf
Why is this problematic, when the DUI percentage is accepted?
Further to shareholders taking "action", on what grounds when the BoD has just been reelected and the fees are clearly stated?
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Be well