Call your broker fast and vote ‘no’ on both. One of the institutional fund owns 12 million shares and I am sure they will vote ‘no’ on both.. I am hoping that those made 22% on small loan, go home empty too. Their name will always be synonymous with Bernie Madoff.
Vote ‘No’ on both. Tell your friends to vote no. Post on every social and stock forum to vote ‘no’ on both. Report to SEC that this is a fraud, they have provided only 3 days to vote. I get mine by mail, there is no way I am getting my paperwork by regular mail on time. Every vote counts. They want every penny to themselves by giving themselves 22% interest. Shameful.
I am sure many law firms are considerig to sue bioject and the acquiring company and I will join if they do. Look, bioject has made zero communication with shareholders, failed to file numbers with sec, all kind of funny business like mark logomasini taking 22% interest. I wonder if they will keep all the money and shares for themselves based on past fraudulent behavior. Inovio should not hire a single person from bioject as it is becase of mark logomasini this company became toast, he was director too long and took it to toilets by diluting us and running his side business. He said he was converting all debts to commons shares. So I assume there is no debt? But you will see he will take all of that 1 million saying he has lots of debt. Let’s now see how he usurps all the money for himself. Welcome to class action lawsuits: one for each individual there, one for bioject and other for inovio as inovio is acquiring assets that belong to current shareholders. There were lots of breach of fiduciary duty by Bioject that the suits will prevail. They haven’t announced this deal yet, can you belive it? I learnt of it on web from third party. I think inovio is in bigger legal trouble if mark logomasini and his proteges usurp all of the money with funny accounting.
We all get few pennies as I think we have 38 million shares outstanding. I get few bucks to make up for the trading fees I paid. What a shame. May be Inovio stock will make me break even if I knew enough what they are up to. I think it got sold to them for peanuts in desperation.