The latest chapter in DMX. Interested parties should stay tuned.
Wayne Agee
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As of 7 September, 2004, dissident shareholders began to formally solicit proxies, with the intention of replacing management at Dimethaid Research.
Many long-time shareholders recognize the potential in the products, but have yet to see the potential expressed. The share price, in a long decline, currently hovers around the $0.30 mark. At the time of writing, the company is heavily indebted, low on cash, and without obvious means to satisfy its commitments and obligations.
In parallel with the decline in the company's fortunes, many shareholders have found aspects of management's performance troubling. Most retail investors have abandoned the stock entirely.
There's not enough space to rehash the issues. The fight on investor chatlines has been bitter and divisive. Some of the questions may never be answered. However, they'll all be resolved within two weeks.
The future of Dimethaid Research will be decided at the Toronto Marriott Eaton Centre Hotel, Trinity Rooms I, II and III, 525 Bay Street, Toronto, Ontario, M5G 2L2 at 9:00a.m. EST on September 21, 2004.
The Dissident Shareholder Circular can be found here:
yellowproxy.com
Management's Circular can be found here:
dimethaid.com
Those who wish to vote for management change are reminded that their vote MUST be received by Thursday September 16, 3:00 PM (Toronto time). Complete instructions can be found at yellowproxy.com.
Even if a shareholder has already voted their blue management proxy, they can still reverse that vote by also voting the YELLOW Dissident Proxy. The latest dated proxy is the one that counts. Some may be confused by the voting process and feel they can't vote YELLOW if they already used the blue proxies which arrived a few days earlier. |
