I read it this way:

Only if you return your proxyform (signed, dated...) with no vote, current management can use this proxy to vote for you:

When you sign the Form of Proxy, you authorize Richard Nemis or Kevin Feeney, who are officers of the Company, or the individual that you have named on the Form of Proxy in accordance with the instructions provided herein, to vote or withhold from voting your shares for you at the Meeting according to your instructions on any ballot that may be called for. If you specify a choice on the Form of Proxy with respect to any matter to be acted upon at the Meeting, your shares will be voted accordingly.

If you return the Form of Proxy and do not tell us how you want to vote your Common Shares, your vote will be counted:

(i) FOR the ordinary resolution fixing the number of directors to be elected at seven (7);

(ii) FOR the election of the nominees for director listed under “Election of Directors”;

(iii) FOR the appointment of the auditors named under “Appointment of Auditors”;

and (iv) FOR the ordinary resolution to ratify and confirm the Company’s stock option plan.

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