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Strategies & Market Trends : Low Price/Cash Ratio Value Stocks -- Ignore unavailable to you. Want to Upgrade?

To: stock leader who wrote (1382)	1/28/2009 7:42:34 PM
From: RockyBalboa	Read Replies (2) \| Respond to of 1931

At the current rate of 8MM, the roughly 99MM will last 12 quarters from Sept 2008. Filing a stockholder resolution is a tedious process: >>>>>>>>>>>>>>>>>>>> Taking Stock of a Company Making your voice heard as a shareholder is no short-term affair. You can't swoop in and buy a stock a week before the vote, make some noise about policy, and then sell your shares a week later. The U.S. Securities and Exchange Commission (SEC) states you must hold at least $2,000 in stock, or 1% of the outstanding shares, for a minimum of one year before the company's annual submission deadline before you can introduce a shareholder resolution for a proxy vote. You must also follow specific SEC guidelines when you file a resolution. The resolution cannot exceed 500 words and it must conform to exact procedural and content requirements. Finally, the resolution must be filed by the deadline stated in the company's annual proxy statement - at least 120 days before the statement is released. If your resolution is accepted, you or a representative will be required to participate in the shareholder meeting; if you miss the meeting without a valid cause, your proposal can be excluded by the company. The company has the option to exclude the resolution but is required to file its reasoning with the SEC no later than 80 calendar days prior to it submitting its proxy statement to the SEC. Most shareholder resolutions won't win a majority of votes, but you can grab the attention of other shareholders, the board of directors (B of D) and the management. If you receive 3% of votes, you can resubmit your proposal the following year. You must win 6% of votes the second year and 10% every following year to continue submitting your resolution. Even when a resolution wins a majority, the company is not obligated to make a change. The company may even ignore a successful resolution. ...