{"id":5385,"date":"2009-02-05T21:50:44","date_gmt":"2009-02-06T01:50:44","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=5385"},"modified":"2009-02-05T21:50:44","modified_gmt":"2009-02-06T01:50:44","slug":"xcmpra-reorganization-plan-defeated","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=5385","title":{"rendered":"XCM.PR.A: Reorganization Plan Defeated"},"content":{"rendered":"<p>Bravo!<\/p>\n<p>Commerce Split Corp. <a href=\"http:\/\/www.commercesplit.com\/pdf\/XCM-Feb5.09-special%20meeting%20results.pdf\">has announced<\/a>:<\/p>\n<blockquote><p>Commerce Split Corp. (the \u201cCompany\u201d) held a meeting today, Thursday February 5, 2009 to vote on the special resolution of the proposed reorganization of the Company. The vote has not been carried, and therefore the proposed capital reorganization will not be implemented. Management thanks all shareholders for considering the proposed reorganization.<\/p><\/blockquote>\n<p><a href=\"http:\/\/www.prefblog.com\/?p=5310\">PrefBlog had recommended defeat<\/a> of the proposal, on the grounds Preferred Shareholders were giving a gift to the wiped-out capital unitholders. NAVPU was 9.05 as of January 30, according to <a href=\"http:\/\/www.commercesplit.com\/valuations.html\">the company<\/a>.<\/p>\n<p>XCM.PR.A is not tracked by HIMIPref\u2122.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bravo! Commerce Split Corp. has announced: Commerce Split Corp. (the \u201cCompany\u201d) held a meeting today, Thursday February 5, 2009 to vote on the special resolution of the proposed reorganization of the Company. The vote has &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-5385","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/5385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5385"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/5385\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}