Internap Network Services Corporation Message Board

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Technology Stocks : Internap Network Services Corporation

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To: Jibacoa who wrote (605)	6/19/2003 2:51:52 AM
From: dawgfan2000	Read Replies (1) of 1011

But then why was "98% of the vote" involved? >>At the meeting, shareholders re-elected Gregory A. Peters the company's president and chief executive officer, and outside director Robert D. Shurtleff, Jr. to serve on the company's board of directors through the 2006 annual meeting. Each of the two nominees received support from at least 98 percent of the vote.<< Is that saying 98% of the shareholders voted? Or that of those that voted, 98% approved the re-election? Why was that vote validated, but not the others? Do some proposals require a higher percent vote? I would guess that since this was a $.50 stock, not many people bothered to cast their votes as they have just let this holding slip into the night (myself included). Has anyone heard any more about a potential reverse split? I know the board has until Sept. '03.

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