Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV
Cloud Expo & Virtualization 2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
Mundoro Proxy Review Suggests Dissident Victory

VANCOUVER, Nov. 7, 2012 /CNW/ -

Dear Fellow Shareholders,

On August 27, 2012, Mundoro Capital Inc. (the "Company") held an Annual General and Special Meeting of Shareholders (the "Meeting").  The results of the Meeting, as announced by the chairman, were extremely close, with the exception of Management's plan to amend the articles to entrench the advanced notice policy, which was soundly defeated by the shareholders.

Prior to, during and following the Meeting, the concerned shareholders voiced strong and repeated concerns about the independence of the chairman of the Meeting, the conduct of Management and certain directors, as well as ultimately, the outcome of the Meeting itself.  These concerns were coupled with requests made to Management to review the proxies and other Meeting materials, which is a legal right of any shareholder.  Such efforts, all  in the direction of basic good governance and shareholder rights, were outright rejected by Management and the chairman, John Hoey.

After considerable delay, the concerned shareholders were finally provided with the Meeting materials (all be it with certain portions deleted) for review.  This review established exactly what we were concerned about: certain proxies had been counted in favour of Management that should not have been and that, in our opinion, upon a proper tally, the concerned shareholders had been successful on all accounts.

Faced with a vote count based on the concerned shareholders' review that would have yielded minority representation on the Board of Directors of the Company, Management refused to accept the revised vote.  Efforts to negotiate an alternate arrangement that could have been effected without a new shareholders meeting were delayed and ultimately rejected by Management and Mr. Hoey.  Mr. Allen Li, on behalf of the concerned shareholders made continuing efforts to meet with Mr. Hoey.  Mr. Hoey accepted these overtures to meet, but dragged this process out until he finally told Mr. Li that Management was not about to reconsider the vote count as announced by the chairman.

Having exhausted all efforts of negotiation, this leaves the concerned shareholders with two options; to either go to court and have a judge overturn the outcome of the Meeting by agreeing that Mr. Hoey's inclusion of certain votes were invalid or alternatively, for the concerned shareholders to put an end to their campaign.

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.

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Cloud Developer Stories
Companies today struggle to manage the types and volume of data their customers and employees generate and use every day. With billions of requests daily, operational consistency can be elusive. In his session at Big Data Expo, Dave McCrory, CTO at Basho Technologies, will expl...
From telemedicine to smart cars, digital homes and industrial monitoring, the explosive growth of IoT has created exciting new business opportunities for real time calls and messaging. In his session at @ThingsExpo, Ivelin Ivanov, CEO and Co-Founder of Telestax, shared some of t...
The industrial software market has treated data with the mentality of “collect everything now, worry about how to use it later.” We now find ourselves buried in data, with the pervasive connectivity of the (Industrial) Internet of Things only piling on more numbers. There’s too m...
Security can create serious friction for DevOps processes. We've come up with an approach to alleviate the friction and provide security value to DevOps teams. In her session at DevOps Summit, Shannon Lietz, Senior Manager of DevSecOps at Intuit, will discuss how DevSecOps got s...
Operational Hadoop and the Lambda Architecture for Streaming Data Apache Hadoop is emerging as a distributed platform for handling large and fast incoming streams of data. Predictive maintenance, supply chain optimization, and Internet-of-Things analysis are examples where Hadoo...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021



SYS-CON Featured Whitepapers
ADS BY GOOGLE