SNFCA September 21 Shareholder Meeting

Special Meeting that is.

to approve too many shares of a capital structure already not well understood..

Wrong idea, wrong timing....... Vote all the way no for those who haven,t...

They musta be kidding to authorize so many new C Shares, when option stuff can be funded with share repurchases in the A shares.

What is the whole point of issuing new shares anyway at discount to book value, when you can buy in treasury operations at substantial discount to book value.
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Makes you wonder what interests the BOD is serving. someone awake or even at home there?

I like the winds of generational change here and with it, an overhaul of the dusty board will be overdue.

Will we see this?

Generally these guys are OK, but they are way too enamored with their Class C shares that are not tradable and funky in their voting rights - economic rights distribution.

Generally, No Wall Street Commentator gets it, so why issue more of the darn C shares. seems a bit self desctructive.

And then the BOD and management wonder why this trades at 45% discount to book value.

Are they for REAL??????????????/

Vote NOOOOOOOOOOOO if you have a chance still. or change your vote if you still can. better late then never, if only to send a signal to them that this whole A and C increase doesn,t address the issues of a company trading at deep discount to Book Value and Net Asset Value.