Reporting the entire process to OSC!!
ALL votes held prior to October 08, 2014 were counted in the vote one way or another. If you read the proxy form and the information circular in particular, all votes NOT cast are voted upon at the discretion of the noted nominees and in this case, they would be voted as YES VOTES, as clearly stated. The nominees were the stated Board members unless you named yourself and came to the meeting. The agent from TMX Equity Transfer had the results of all of the votes cast:
A) by hand and mailed into the proxy tabulation company as directed; or
B) by onlinevoting with the entry of a pre-generated control number as long as your preference to receive documents was set at "YES"; or
C) in person by a show of hands.
The entire process from the time the RECORD DATE of OCT. 10, 2014 was made public to the mailing out of the Annual Information Package, was clearly RIGGED in favour of the Management team. I have been doing this kind of thing since 1964 and ALL results are usually made public after the meeting some time soon. I bellieve that management is disputing the count as it refers to the consolidation and it is having it rechecked. As I told everyone here, MAKE A COPY OF YOUR PREFERENCES! The Form of Proxy asks you if you want a copy.
The entire process was rigged in favour of Management by setting a record date and NOT making public the intention to consolidate the share capital BEFORE that date. That means that Management had the advantage of all of the eligible shares sold from October 11, 2014 to 10:30 A.M. on Tuesday, November 18, 2014, and NOT as stated by someone here. The advantage is that all shares sold were likely held before October 08, 2014 and therefore the beneficial owners or brokerages representing those shares would have received a Form of Proxy and thus eligible to vote. In all likelihood, these shares were not voted upon and therefore ended up in the FOR camp, as stated in the Information Circular. The number of shares purchased would have no voting rights after October 07, 2014 (3 days to close). So, the number of shares sold and not voted upon would likely have fallen into the FOR camp and probably approximated in the millions. This total can be checked easily.
The fact that only Directors have had their results made public suggests that not only may the consolidation proposal failed but also the options plan.
BadaBing123 where were you through all of this time since I made public the consolidation proposal on this Bullboard in very early November?
By the way, I spoke to the Manager at TMX Equity Transfer Services about this Proxy and she suggested that I take up any irregularities which anyone feels may have taken place, with the OSC or the appropriate regulatory body of theTMX itself. I want to see the numbers otherwise do not accept any conjecture. I do not trust Management anymore to operate honestly. I am planning to file an objection over this issue with the TMX.
Also, I doubt whether National Financial would have released their own or their clients' preferences with respect to the proxy vote i.e. the consolidation, so do not accept anything but the actual figures. We should demand to see them by calling the toll-free number to TMX Equity Transfer Services at 200 University Ave in Toronto .Proxy tabulation may have been conducted by a third party as noted in the Information Circular but that does not matter. I want to see them and I want to know why they have not been released with the rest of the other results.
If it turns out that the proposals to consolidate failed and the options plan as well, then PTL!!!! This would be the first time in my 50 years trading on the different equity exchanges that such a proposal failed and was actually defeated by shareholders. consolidation proposal failed. I also told Dustin to hold the meeting in the afternoon so that more people could attend but he ignored my suggestion. If anyone else is with me, then contact me at the inbox here or if you want my e-mail, then let me know on your next post.
For all those who followed my advice and voted "NO", thank you for doing the right thing. Shareholders have been kicked around too much by this Company for far too long and it is time that we flexed our collective muscle.
Thank you 160K. (BadaBing123..disappointed in you for keeping away from our discussions here on the Bullboard...and no debt!)
P.S. gold closed at $1200.90/oz U.S. today and remember friends, the hugely important Swiss Gold Initiative is coming on: NOVEMBER 30, 2014...circle that date, as a positive result to this national referendum could turn the gold market around worldwide, as I mentioned weeks ago. Europe is in trouble and they are now initiating quantitative easing measures in many member nations, much like the U.S. has done and will likely have to return to a 4th such round of QE4. Japan has fallen back into recession and the U.S. debt now is somewhere around 18TRILLION$$. Fiat currency everywhere is slowly but surely becoming worthless. Servicing this debt daily costs the U.S. more than what some nation-states function off from yearly.