I find this whole process very interesting.
1. I have yet to receive my proxy info in the mail. My shares are not in street name. Given mailing delays I am wondering if it is even legal to provide such a short turnaround on a proxy. I am not versed on SEC requirements, but given how green this management team is I would not put a major mistake (I mean more major mistakes) past them.
2. I started to think about the meeting. I am trying to adjust my travel schedule since this is just something that I have got to see. I don't know anything about the world headquarters of MSLP, but I am very curious to see how they are going to pull this off. The company leadership does not have experience in these matters and I am interested in if they come off as the idiots that have driven the stock price down 94% or if they appear to be the right guys to help the company recover.
3. I am also interested in the logistical aspects of the meeting. Most companies rent meeting halls for these events. While I don't expect many people to attend, where are they going to put people? If even 30 people show up, how are they going to handle it? Do they have a conference room of that size? Do they have an auditorium? If so, I wonder how many shares that is costing us. I am imaging a circus with chairs in a parking lot or warehouse.
4. I find it interesting that they have done zero to promote the proxy. Why is that? Do they want to slide this by us? I have a real difficult time understanding how they are going to establish a quorum. That will require 45mm shares to vote beyond the officers. There does not appear to be institutional ownership, most proxies generate a very low return rate and the turnaround is just too short.
I can't wait for the reports of the meeting as I think this is going to be fund to watch.
Got my proxy yesterday! Voted "FOR" on both. Hope 200,000 shares helps MSLP, I also am 100% behind you! Keep up the good work with sales, as for us educated shareholders we understand how public companies operate and dilution is part of it, and sales are not a guarantee which MSLP has!
I think g.loyd just called me dumb.
You're right g. This management has done everything by the book. Ask the UFC that almost filed a suit against them. Or you can ask Fit Foods. Or one of their previous FOUR auditors. Or their transfer agent. Or...
Read up on it. Not worth the time, but they are violating SEC proxy rules regarding shareholder notice. These clowns manage to screw just about everything up. If I can't make the meeting will someone please video tape it and post it on line? I will pay. Too good to miss the Keystone Cops performing at the circus.