RE:RE:Interesting times are upon us folksYes, just mail in the signed and filled out forms to the address provided. Make sure you do, or your shares are voted by the Board in favor of option 1 by default.
I'm going to hold off till later this coming week to send in mine, as I want to see if there is anything behind option 1 that actually might benefit the "disenfranchised" such as me. But right now it looks like NO to option 1, vote option 2.
Option 1 means giving up more than 49.9 percent to Trexs; that is only the first cut. There is also the extra 3 cent shares going to the five participants plus more shares to be issued to Trexs further down the road when they convert the $7 mil to shares. And they get to maintain their ownership percentage in any future funding. There is no limit to what they can bleed us for.
So with option 2 giving up 51 percent of the cash award, if we get it, is vastly less of a hit. And it holds the line on how much Trexs gets, which could be quite a lot...and they DON'T GET CONTROL. Of course the Board recommends option 1; it favors the principal investors, represented on the board, TREMENDOUSLY financially. That's why the five participants don't get to vote.
But since we have time on the clock, I am going to speak to the company this week and then decide, just in case there is something behind the scenes. But failing there being some light I can't see from the proxy mailing, it is definitely looking like option 2.