Hi jj
Step 1. Garner 20% support
Step 2. Nominate an appropriate rep for the board
Step 3. Contact company and inform them of the opportunity to welcome the rep on to the board under friendly circumstances or face a 249d
Step 4. If its a 249 then everyone completes their proxy and assigns to the rep
Whilst I appreciate how dmassive explained his point, lets also remember many of these companies tend to raise and raise and spend in the ground until there's a last ditch raise at .3 of a cent to insiders, the project then turns around.
That's how the game works, look for the patterns
Dmassive will tell you how it happened with range. Over $1 back down to a rights issue at a couple of cents then back to 40c
DYOR
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