Welcome To the WIN!!! St. Elias Mines HUB On AGORACOM

Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE

Free
Message: Green not accounted for..

"I was also under the impression that because they had oppisition, any uncast vote was simply that. An uncast vote. I did not think it automatically counted towards white. That would mean that white had a total of around 58mil which would help Lori's cause. God forbid. Correct me if I am wrong."

abcwxandz,

You are correct, all uncast votes do not count in favour of management they remain uncast like you suggest. The majority is determined from the total cast votes not the outsatnding shares.

as an example if the the total of cast votes hypothetically represententd 80 million shares a majority would be won with 40+ million votes for a nominee.

this info is from a conversation with a person working in the scurities industry and familiar with the proxy voting process, and a follow up conversation I had with a seperate corporate lawyer asking the question of what determines a majority and what happens with uncast votes.

S.

Share
New Message
Please login to post a reply