RE:RE:RE:why are the shareholders getting screwed againYes, you'll find that those with much more than $5K worth of shares to vote with will give a resounding yes to both the reverse split & the deb extension. There are many advantages to trading fewer shares at a higher price. And something would have to be done to ensure that debt would not come due before the funds were available to pay it out.
I would have preferred a round number like 20:1 if as they claim shareholders thought 10:1 was not enough. Deb holders had to be given some inducement to take the extension. I expect that 8% is enough to make most of them opt for the extension. These changes may not be perfect, but they're close enough.
I am reluctant to delegate my voting authority though. So I'm inclined to go vote in person. Perhaps someone that's had more experience with these proxies could calm my fears?
ts9222 wrote: Yes good luck with that. My 2 million shares already voted yes.
Incredible how many people still think splits change the value of a company.
It was already said before, the terms of the debs require excess cash to go to buybacks. They can't use the cash for dividend.
tootall123 wrote:
Good luck with that there rookie....