C-Phone Corporation Reports On Special Meeting.Business Editors/High Tech Writers WILMINGTON, N.C.--(BUSINESS WIRE)--Sept. 12, 2001 C-Phone Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : "CFON CFON Cape Fiber-Optic Network (Eastern Launch and Test Range) ") today announced that, at its Special Meeting of shareholders, which had been adjourned from September 7, 2001 to today, no vote on management's proposals was formally taken since the number of shares present did not constitute a quorum A majority of an entire body; e.g., a quorum of a legislative assembly. A quorum is the minimum number of people who must be present to pass a law, make a judgment, or conduct business. . Paul Albritton, President and Chief Executive Officer of C-Phone, who chaired the meeting, announced that over 89% of the shares which were submitted had voted in favor of upon the side of; favorable to; for the advantage of. See also: favor management's proposals. A representative of Seedling Technologies Corporation, which had solicited proxies in opposition to management's proposals, attended the meeting; however, he stated that he did not have instructions to submit any proxies, did not submit any proxies and only registered for quorum purposes the shares Seedling held of record. |
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