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Microcap & Penny Stocks : TSIS: WHAT IS GOING ON? -- Ignore unavailable to you. Want to Upgrade?

To: Tai Jin who wrote (4637)11/29/1998 10:17:00 PM
From: Tobasco  Read Replies (1) | Respond to of 6931
 
It depends.

If the stock is cumulative voting we could all pool our votes (alotted for all directors) and apply it to one Board member and maybe win a seat. But who?

If the stock is non-cumulative then we (the holders of the float) are out numbered by the insiders (typically officers, directors and founders) when voting for Board members.



To: Tai Jin who wrote (4637)11/30/1998 7:37:00 AM
From: jmt  Read Replies (1) | Respond to of 6931
 
Perhaps this is a stupid question, but what would it take to get someone elected to the board? Perhaps we need to have someone on the board who is more in touch with the investors.

The only problem here is everyone wants to get rich overnight, even at the risk of putting someone unqualified in as a director.

Company strategy and revenue growth first, happy investors will follow!

jmt


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