Probable meeting outcome…
Surly the management is expecting shareholders to be upset. They will realise that this has not been a good year. By now, they realise that 2013 will be a make or break year. They will also realise that further dilution will result in more disgruntlement and a possible reverse split because the SP is too low as it is. We all know how RP will make an attempt to smooth things over and try to save face. That would be the proper thing to do as long as he means it. We do know that they have done some improper things in the past and may take this opportunity to “finally” benefit both themselves and the shareholders. Their back is against the wall and if they want to continue operations and keep themselves employed they will eventually have no choice. I am sure by now they have figured out that the SP is the “voice” of investors… don’t they already know?
The solution is simple really… COME UP WITH A PLAN TO:
If they have the wherewithal to do this, success will come to all stakeholders – now let’s see what happens.
We are at the crossroad.
P.S. Wouldn’t it be great if one of our names was on the ballot. These proxies should be more like elections format… you know… the candidates name and what he/she will do for the company… etc.