SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Northrich Pacific Ventures NPA:V
NPA 102.12+0.3%Feb 9 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: john mcknight who wrote (7025)1/31/1998 5:13:00 PM
From: dave herbert   of 7431
 
Greetings John/David
As of jan 97 there were 11mil oustanding depending on the status of
RHs options which i believe were exercised but do not know if they were paid for and the shares that were supposed to be issued for the
various deals the total could be around 13 mil.MY understanding of the proccess for the election is that the directors have to be nominated and seconded then voted on by the shareholders with a majority being needed to be elected.Usually the directors are more or less rubberstamped at these meetings as the majority of shareholders do not attend or send in their proxies.The standard form for a corporation
unless otherwise specified would allow for the nomination and seconding of a director from the floor and then called for a vote.
The only votes counted for the election would be those from shareholders in attendance or from proxies.Under these circumstances
it may not take that many votes to elect or defeat a candiate.The
problem that may arise is with RHs shares as he currently has up to 1.5 mil if he indeed exercised his option as the insider reports indicate.It would be useful to find out whether as he is under
investigation whether he can vote these shares either by himself or by proxy.As a shareholder i would be very displeased if he were allowed to as this would in effect still allow him control of the Co by being able to appoint the directors.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News