Sealaska BOD elections $25 reward for returned proxies..... By sealaskashareholdersunderground | 11/29/11 - 11:33 pm The trick with management is they send the proxies with a self addressed postage paid envelope, offering $25 for returned proxies, $25 is more than one months dividend. Most people vote, drop it back in the mail and the check is on its way. You as a voter have only been presented with candidate's 200 word proxy statement. For the most part the election is over. The candidates 200 word statement will show sometime later but you will have your $25 well on it's way to you by then. Management doesn't allow campaigning until proxies arrive. One day deal and 50 folks secured another year at 660 thousand per month, $330 thousand dollars withheld from next months dividend to pay the $25 bounty in the Spring. Discretionary voting is on managements side. More than 100 thousand dollar budget to promote their slate (endorsed Candidates) and to defeat resolutions that threaten their control. They get to count the votes. They compute the returns and where they're lacking they start spending money. Management has the time from the proxies arriving to the annual meeting to get us to change our vote, if need be.
Tuesday, December 13, 2011 - 08:21