This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Mundoro Proxy Review Suggests Dissident Victory

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!

SOURCE Mundoro Capital Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,928.20 -142.20 -0.79%
S&P 500 2,089.46 -25.03 -1.18%
NASDAQ 4,939.3270 -77.6020 -1.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs