Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Non-Tech : Littlefield Corporation (LTFD) -- Ignore unavailable to you. Want to Upgrade?

To: T.K. Allen who wrote (8384)	5/2/1998 8:28:00 AM
From: Yamakita	Read Replies (1) \| Respond to of 10368

Definitely. Start by asking who the hell the PR firm is, who the hell the auditors are (the auditor flip flop has to set some kind of record--this does NOT bode well, folks), and how long it will take them to burn through the 11 million while closing bingo halls.

To: T.K. Allen who wrote (8384)	5/2/1998 12:28:00 PM
From: SamYan	Read Replies (1) \| Respond to of 10368

Tod: This is a normal procedure shareholders could take. I see this action mentioned in some proxy. Today I find it in the book "Wall Street Words" by David L. Scott. The followings are copied here:(p321) Shareholder proposal A proposal submitted by a shareholder for action at a forthcoming annual meeting. If the holder gives timely notice of his or her intentions, the firm's management must include the proposal in the proxy statement and must give the other shareholders a chance to vote for or against the proposal. Typical shareholder proposals involve voting rights, management compensation, and corporate charitable contributions. I vote "yes" for your poll. I appreciate your effort for our shareholders. Sam

To: T.K. Allen who wrote (8384)	5/2/1998 1:06:00 PM
From: Nittany Lion	Read Replies (1) \| Respond to of 10368

TK, A qualified "yes". I would hope it would remain constructive in nature and not turn into something that would ultimately be detrimental to the Company and thus hurt us as stockholders in the process. I'm sure this is understood but I felt obligated to mention it. BTW, according to the DEF 14A, the annual meeting will be held at the Driskill Hotel, 604 Brazos Street, Austin, Tx. on June 5, 1998 at 11:00 a.m. Local time. I wouldn't want anyone planning to attend to be an hour early because of something they read here. :-) Gary

To: T.K. Allen who wrote (8384)	5/2/1998 3:00:00 PM
From: Market Tracker	Read Replies (1) \| Respond to of 10368

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