Free
Message: Re: Dischino! please elaborate on RP's statement re shareholder control of vote

If you look at the proxy material, you will see that the Polis Trust, our BOD, insiders etc, do not own enough percent of the shares to control a majority vote.

I think it is less than 15% but I am not sure.

When jonthezman, spouse and myself visited RP 9/17/09, a Samsung buyout question came up, and RP made it clear that if EDIG ever got a tender offer from anyone, it would have to be put to a share holder vote.

The answer was generic, as a matter of fact, not in reference to Samsung on his part in any way, shape or form. He simply stated it must be voted on. IMO, this is the poison pill, the share holders at large. If we don't like an offer, we reject it.

I could be wrong, but I believe the vote to accept or reject needs to be a 2/3 majority.

Someone else will need to add or correct my comments, as I am not 100% sure.

Share
New Message
Please login to post a reply