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Taxus Cardium Pharmaceuticals Group, Inc. Message Board

  • justmeagain7 justmeagain7 Apr 11, 2013 6:19 AM Flag

    To pass the RS

    Read the proxy when it comes out. But to change the articles of incorporation to effect a RS takes 50% plus one of the outstanding shares which is 129,562,091.

    It's not that shareholders need enough votes to vote the RS proposal down. The burden is on the company they need 64,781,045 shares to vote FOR the RS in order for it to pass.

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    • ABIO 6:1 r/s on March 5 2013

      Provide the following information regarding the aggregate number and
      percentage of the class of securities of the issuer identified in Item 1.

      Amount beneficially owned:
      Sabby Healthcare Volatility Master Fund, Ltd. - 639,837
      Sabby Volatility Warrant Master Fund, Ltd. - 319,692
      Sabby Management, LLC - 756,794
      Hal Mintz - 756,794

      Percent of class:
      Sabby Healthcare Volatility Master Fund, Ltd. - 4.14%
      Sabby Volatility Warrant Master Fund, Ltd. - 2.07%
      Sabby Management, LLC - 4.90%

      • 1 Reply to fanny_from_omaha
      • OCLS 7:1 r/s on March 30 2013

        Sabby Healthcare Volatility Master Fund, Ltd.
        beneficially owns 3,705,279 shares of the Issuer's common stock (Common
        Stock), representing approximately 9.99% of the Common Stock, and (ii)
        Sabby Management, LLC and Hal Mintz each beneficially own 3,705,279 shares
        of the Common Stock, representing approximately 9.99% of the Common Stock.

    • As it gets closer to the meeting the company will keep a list of shareholders who have not voted yet. I guarantee the company will try to contact them by phone to get them to vote for the RS. This is too important for the company. I have been through it before.

      • 1 Reply to justmeagain7
      • People are so mortified about the RS versus delisting. The wording of delisting notices, along with the bad press associated with it, plus the inconvenience that one cannot trade with two clicks add to the perception.
        It is clear that without a RS CXM will be delisted in a matter of months. It is not the end of the world, there are many companies that are doing just fine trading OTC. Certainly a heck of a lot better than RS followed by heavy shorting and depletion again...

    • Unfortunately, many people will receive the proxy in the mail alng with the "Board recommendations". You are one of the few who obviously know how to read the "legalese" and especially understand what this means. Plus, some shareholders may not receive the proxies (how convenient for the BOD)

      Any proxy not returned (in the mail or otherwise) will be counted according to the board recommendation, by default. I have a feeling that cheating and stealing votes will be Reinhart and Ortega's agenda...

      But, I am pitching in in the effort to change things...

    • 64,781,047

0.170.00(0.00%)Jun 24 3:35 PMEDT