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.

Microcap & Penny Stocks : ROTI - Harvest Restaurant Group Inc -- Ignore unavailable to you. Want to Upgrade?

To: The Street who wrote (1117)	1/11/1999 7:30:00 PM
From: V$gas.Com	Respond to of 1702

3.8 million in the float. Accumulation over the last three weeks of approximately 1.2 million. No large chunk buys to drive the price up. A little here and a little there and wham, they have 51%. They would still have to mail out the proxeys, however, if they already owned 51%, they would know that the deal is done and could forge ahead. Tell your friends, it's time to compete. V$gas

To: The Street who wrote (1117)	1/11/1999 9:02:00 PM
From: Edward Mamula	Read Replies (1) \| Respond to of 1702

From the proxy: Approval of the Agreement and ratification of the Company's independent auditors requires the affirmative vote of the holders of a majority of the Company's issued and outstanding shares of Common Stock present and entitled to vote at the Meeting. Approval of each of the amendments to the Company's Articles of Incorporation requires the affirmative vote of two-thirds of the Company's issued and outstanding shares of Common Stock. Directors will be elected by a plurality of the shares present and entitled to vote at the Meeting. The presence in person or by proxy of shareholders owning a majority of the issued and outstanding shares of the Common Stock constitutes a quorum for the Meeting. ----------------------------------------------------------------- There is no reason for anyone to vote no on the merger; if insiders are accumulating large positions, perhaps it's because they really need a 2/3 affirmative vote to increase the number of authorized shares and change the company's name, etc. Or, it could be that people like you and me have been scooping up shares in the past few weeks. It's probably a little of both. At any rate, the party doesn't start until this merger closes and the new management team is in place, IMO.