Re: Buyout Question / Klaattu
in response to
by
posted on
Nov 15, 2012 10:27AM
The BOD/insiders do not own a majority...the common shareholder as a group does...we (all shareholders) are in control of the vote, and it has to be a 2/3 majority.
EDIG's bylaws allow the BOD to cast vote in their favor for shareholders who do not vote their proxies.
A tender offer would be on our desk for a decision.