Supremex Inc T.SXP

Shareholder proposal negotiation

[chrischapman256]

I think we are mostly on the same page on this forum with how we feel about the shareholder proposals. We understand that SupremeX is undervalued and see there are levers available to pull, but the proposals maybe go a bit too far.

I sent an email telling the company that I would vote with management as long as they increase the max price they will buy back shares for from $3.50 to $4.00. I have not gotten a response yet, but I see that the company is now buying back shares for more than $3.50 so maybe they are doing what I asked or maybe just coincidence. Either way I'm glad and will be voting with management.

[DanielDarden123]

As a long term investors I would be concerned about removing the flexibility from the management and Board. Among their responsibilities is the efficient use of capital and any requirement to buy back shares might impede their efforts to get the highest return on the capital available in the event of an alternate use possibility.  We are fortunate to have seasoned and competent leadership