Tod, - This is the final paragraph of the AB&G Notice of Annual Stockholder's Meeting.
SHAREHOLDER PROPOSALS----------------------
"Proposals of shareholders intended to be presented at the Company's next Annual Meeting of Shareholders must be received by the Company on or prior to December 31, 1998 to be eligible for inclusion in the Company's proxy statement and form of proxy to be used in connection with the next Annual Meeting of Shareholders."
It wouldn't preclude a matter being properly introduced from the floor at the annual meeting, (and appropriately seconded), but it would stand a snowball's chance in hell of being approved, considering the lop-sided number of votes present in person at the annual meeting. Having attended easily over 500 annual meetings in 30+ years, I regret to say I have never seen a shareholder's proposal succeed, after having been initiated from the floor. A proxy fight, which would involve the solicitation of the shareholder's list, (freely available to any registered shareholder of record), would probably be the only (and certainly most expensive) way to go. (Perhaps a cyber-proxy-fight?)
I think if someone is personally attending the meeting, that person might take along a half dozen hardball questions from this thread to throw out to management during the meeting's Q&A session. There are questions which need to be answered. The public forum the annual meeting presents, should be taken advantage of by the shareholders.
If anyone finds it convenient, and is able to attend personally, they will come away from the meeting with a feel for the company like they never thought they could achieve. Meeting with management face to face and discussing business matters can be highly rewarding. And with BNGO's current tumultuous status, it most-likely should be done.
Gary |
