You are cordially invited to attend the 2013 annual meeting of our stockholders on July 2, 2013, at 2 p.m. Pacific Standard Time, at Crowne Plaza Hotel, 1221 Chess Drive, Foster City, CA 94404. Matters on which action will be taken at the meeting are explained in detail in the attached Notice and Proxy Statement.
Proposal 1: To elect a Board of Directors consisting of five members;
Proposal 2: To approve a second amendment to the Amended and Restated 2009 Stock Incentive Plan, to increase the shares of our common stock available for issuance thereunder by 3,000,000 shares; and
Proposal 3: To approve an amendment to our Certificate of Incorporation to change our corporate name to Armco Metals Holdings, Inc.;
Proposal 4: To hold an advisory vote to approve the compensation of the named executive officers;
Proposal 5: To hold an advisory vote to determine the frequency of future advisory votes on the compensation of the named executive officers;
Proposal 6: To ratify the appointment of Li an Company, PC as our independent registered public accounting firm;
What do you guys think about the name change? This is the second? time they brought it up for vote?
I dont care about the name change, dont understand unless they are trying to distance themselves negative sentiment from old name. The Increase dillution is not good and I will voting it down, unless they can produce some profits near term in Q1 to warrant our faith in them. 10% dillution is not good, unless they are getting substancial talent from it.