TSIS: WHAT IS GOING ON? Message Board

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Microcap & Penny Stocks : TSIS: WHAT IS GOING ON?

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To: jmt who wrote (4635)	12/5/1998 9:39:00 AM
From: John S. Baker	Read Replies (1) of 6931

First of all, for both legal and personal reasons, let me make it clear that I am not soliciting anyone's proxy votes. (My understanding is that such an act requires very close attention to the security laws.) But there is at least one major advantage to shareholders in having someone on site holding proxies. Standard proxies sent to shareholders by corporate managements include the expression "and such other matters as may arise at this meeting". So, even if you instruct management to cast votes for/against ratification of the auditors whom management has proposed, and even if you instruct management to vote for or against specific Directors, you are still giving management a carte blanche for any other issue which may come up. At last years AGM for TSIS, Don was forced into an actual count of shares before proceeding onward with the meeting. Heaven only knows whether any such "count the votes" issues will arise again ... they are relatively rare ... but if they do arise, there is some benefit in having a representative on scene (oyther than management) who has been fully brief by you on your wishes and instructed to vote your shares accordingly. JSb.

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