Post by
braincloud on May 04, 2016 9:39am
one thing to remember
In many cases there's a very high percentage of shares that haven't submitted a vote. It was pointed out already that those shares that DON'T vote will default to a YES. I've submitted mine. All 0.095% of the outstanding LOL
Comment by
braincloud on May 04, 2016 9:44am
That was just bad grammar. What I meant was that in most cases shares don't get voted upon so they default to the boards recommendation
Comment by
flintabattey on May 04, 2016 12:07pm
That is nonsense, if you don't vote, then you don't vote...PERIOD. The deal will be approved or not approved based on the requisite percentage required in the arrangement agreement based on those shares that are voted....PERIOD.
Comment by
braincloud on May 04, 2016 1:48pm
Exactly. So I layman's terms. If you hold the shares at a brokerage account and you don't vote then the brokerage firm will vote them for you. In all other reorg notices there will always be a "default option" if you don't vote. In this case, if you don't cast your vote then it will vote "in favour" of the arrangement.
Comment by
flintabattey on May 04, 2016 1:55pm
If they receive your proxy (i.e. a completed proxy with signature), then you would have voted, and unless you have instructed your brokerage firm to always vote in favour of management, they would not vote for you, one way or the other, so again you would have voted. Nobody can vote your shares for you by default. Don't be so stupid.
Comment by
braincloud on May 04, 2016 2:06pm
I'd suggest that you read the circular and check with your brokerage firm. If the shares haven't been voted by you specifically, then there will be a default option that will be in favour of the arrangement. Just read the freakin circular and call your custodian before your start throwing out comments. Stupid is, as stupid does.!!