RE:RE:Correct me if I'm wrongWe need this question answered. It it the majority of every outstanding share or is it the majority of shares in ballots received? Simon appears to be backed in a corner. That is why I believe it to be the majority of ALL shares. Herhaps Momo knows the answer.
This move killed the shareprice ....... again! Way to go Simple Simon .......... AGAIN!
I thought he gave a pretty good interview last week and then at the last minute ...............
So much for our 25% gain.
Vinny57 wrote: So NOBODY knows the answer????? It's a pretty important question.
Vinny57 wrote: Simon already has the votes he needs : "The level of support we have received from stockholders thus far affirms that participating shareholders strongly support the two proposals," said Irwin D. Simon. ...... So why would he extend the vote for 3 weeks unless ....... he may need a majority of ALL outstanding voting shares ( which he does NOT have today ). Keep reading:
The approval of the Authorized Shares Proposal requires the affirmative vote of holders of at least a majority of the voting power of shares outstanding and entitled to vote. The record date for the adjourned Special Meeting remains June 22, 2021. Stockholders who have already voted do not need to recast their votes unless they wish to change their vote. Stockholders who have not already voted or wish to change their vote are strongly encouraged to do so promptly using the instructions provided in their voting instruction form or proxy card.
I have received 9 ballots so far, 3 for each of my 3 accounts. Sooooooo, is it a majority of ALL outstanding shares, or a majority of ballots received. I believe the correct answer is the former rather than the latter. However, I have been WRONG before, haven't I. Please resond if you know the correct answer.