Agoracom: Small Cap Investment - Mosaic ImmunoEngineering Inc. - Re:"Which company doesn't expect to issue stock for equity based financings ?"

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Re:"Which company doesn't expect to issue stock for equity based financings ?"

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Re:"Which company doesn't expect to issue stock for equity based financings ?"

biajj

posted on Apr 27, 2010 02:33PM

Wasn't your proposal about Preferred Stock?

BASES FOR EXCLUSION

We believe that the Proposal may properly be excluded from the 2008 Proxy Materials pursuant

to:

1. Rule 14a-8(i)(2), because implementation of the Proposal would cause the

Company to violate Delaware law;

Rule l4a-8(i)(1), because the Proposal is not a proper subject for stockholder

action under Delaware law;

Rule l4a-8(i)(7), because the Proposal deals with a matter relating to the

Company's ordinary business operations; and

4. Rule l4a-8(i)(3), because the Proposal is vague and indefinite.

THE PROPOSAL

The Proposal resolves that "the Stockholders of the Company hereby direct the Board to take all

actions necessary to eliminate the issuance of Preferred Stock without the prior approval of

Stockholders holding a majority of the outstanding Common Stock." (emphasis added). A copy of the Proposal is enclosed with this letter.

http://www.sec.gov/divisions/corpfin/cf-noaction/14a-8/2008/patriotscientificcorp082108-14a8.pdf

Still smiling.

What are your motives?

Be well

5 Recommendations

Re: It will be interesting .. PTSC can impact TPL .. If the injunctions/PTSC

beanfumer

Apr 27, 2010 09:49PM

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