The next step in the legal process would continue to cost the Company and the concerned shareholders considerable amounts of time and money. The concerned shareholders have decided not to pursue legal action against the Company given the time that it would take to bring this matter to conclusion and the additional expenses that would be incurred by all. In doing so, the concerned shareholders make it clear that they do not accept the chairman's declaration on the outcome of the Meeting and are convinced that had there been an independent chairman and had the votes been properly tabulated, the concerned shareholders would have been successful. The concerned shareholders will continue to press for minority rights in Mundoro and will take whatever steps are reasonable to ensure the accountability of Management to its shareholders.The concerned shareholders would like to take this opportunity to thank the majority of Mundoro shareholders who supported our position for shareholders rights; it is unfortunate this majority view was thwarted by what appears to be an incorrect vote count!
Mundoro Proxy Review Suggests Dissident Victory
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.