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Concerned Shareholders of NowVertical Seek an Immediate End to the Incumbent Board's Entrenchment and Destruction of Shareholder Value
Concerned Shareholders of NowVertical Seek an Immediate End to the Incumbent Board's Entrenchment...
About this update from Nowvertical Group Inc
[{"type":"text","content":"\n \n \n \n Concerned Shareholders of NowVertical Seek an Immediate End to the Incumbent Board's Entrenchment and Destruction of Shareholder Value\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen4{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; TEXT-ALIGN: CENTER; BORDER-TOP:black 1pt; BORDER-RIGHT:black 0.5pt solid; BORDER-BOTTOM:black 0.5pt solid; BORDER-LEFT:black 0.5pt solid\n}\n.prngen5{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; TEXT-ALIGN: CENTER; BORDER-TOP:black 1pt; BORDER-RIGHT:black 0.5pt solid; BORDER-BOTTOM:black 0.5pt solid; BORDER-LEFT:black 1pt\n}\n.prnsblb1{\nBORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbsbls{\nBORDER-LEFT:black 0.5pt solid\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prncbts{\nBORDER-TOP:black 0.5pt solid\n}\n.prnbbbs{\nBORDER-BOTTOM:black 0.5pt solid\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnbrbrs{\nBORDER-RIGHT:black 0.5pt solid\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n The Company has failed to announce that a significant number of shareholders voted against the re-election of NowVertical's incumbent Board.\n \n \n \n \n The incumbent Board is directly responsible for significant value destruction and rapid erosion of the Company's balance sheet.\n \n \n \n \n NowVertical's largest shareholder strongly believes that the incumbent Board should be replaced, but was contractually required to vote in support at the recent Meeting.\n \n \n \n \n If the Company's largest shareholder had been permitted to vote against the incumbent Board, none of the current directors would have received support from a majority of shareholders, with the exception of Darrell MacMullin.\n \n \n \n \n Good faith efforts to discuss qualified potential replacements for the incumbent Board were met with delay, resistanc...