NF voting "YES" makes NO SENSE at all:If they do vote in favour, the yes side still requires a 2/3rds majority of all votes cast to carry this proposal.
I just voted my second block "AGAINST" most directors; the options plan and the consolidation proposal. If anyone wants to change their vote to "NO", assuming they voted "YES", they still can. Go to the proxy online voting site and enter your control number. Asummary of your voting will come up and it will ask you if you want to make changes. Remember to print out your selections for the your records.
With respect to National Financial, I am assuming that most of the Pine Cove labourers, service people and others connected to the project probably purchase stock through NF and will likely vote yes or in favour. To do so, is self-defeating. A "FOR" vote will cost every long-term shareholder most of their value invested in this Company. It is like committing suicide as sellers will continue lining up to sell and drive the post-consolidated share price back down to below .10cents and moreso.
Over the years, I have been through many consolidations. I have never seen shareholders defeat a single one of them. So assuming with all Company insiders and related significant others; friends and family and associates etc., we would probably have to muster somewhere around 60-75Million shares. However, if management does not get the necessary 2/3rds majority of the actual number of shares cast, it still loses this proposal. So for those still not having voted, please do so and vote "AGAINST" and withdraw all purchase bids for now. You have until Tuesday, November 18, 2014 at 10:30 A.M. E.S.T. at which time, the vote is cut off.
Vote "AGAINST" this ridiculous proposal...thanks 160K