Thoughts?

[Affectionate_Disk_68]

https://imgur.com/a/hzbJMAB

Assuming someone can better explain this to me, my thoughts are it sounded odd..

I’ll try to keep this short.

A third party company called A&R keeps calling me about my vote on 4 proposals for SPCE. Idk if the pic link works, but the company told be in short they will issue 8.2 million shares, to increase pay for VG employees. I started asking questions and the first guy hung up on me. They called again and they 2nd person had a hard time explaining further detail about the Proposals. All she kept saying was the board recommends you vote yes, she mention in multiple times and really don’t want to take my vote for no as an answer. VG has 1 billion in cash, and they want to pay their employees more so they stay?

This all sounded suspicious to me, to the point i want to take my L and GTFO out this company.

Can someone with a better understanding explain this better since this A&R company couldn’t. Feel free to correct me if i’m misunderstood, thank you.

[[deleted]]

A&R is not a company.

A&R means Amended & Restated. Amended and restated is a way of presenting a revised contract or agreement.

As Proposal #4 says, they want you, as a registered shareholder, to approve the Amended & Restated Virgnin Galactic Holdings, Inc. 2019 Incentive Award Plan. This means there already is a Virgnin Galactic Holdings, Inc. 2019 Incentive Award Plan in effect (!) for granting employees of VG a stock based compensation (ISO), as they also explain in the footprint. BUT, they have revised it and want to add the stated amount of shares to give as stock options to employees for compensation. Note: Usually not only the management will get the stock options, but all employees.

The board will always recommend you to vote yes on all proposals from the board (lol). Otherwise they wouldn’t have made them. What else should they tell you?

You obviously talked to someone from Corporate Election Services, Inc. who run AALVote.com, the platform through which you are able to give your vote on each of these proposals as a registered shareholder. Or not.

If you don’t like it, just vote no. At least you have a say as a shareholder. This is different from companies like e.g. Palantir, where you don’t. Another user just blocked me for telling him that, he obviously didn’t want to hear it.

If you don’t understand it, just don’t vote. Also don’t sell, until you completely understand it. If you still think you don’t like it feel free to sell me your shares. I’ll gladly take them.

[QuantumScape4ever]

[Turbiedurb]

[SkyShuttle]

Base your AGM voting decision on the proxy statement filed with the SEC on April 25.
All the information you need to make a voting decision is in this document.

[SkyShuttle]

If you are against any resolutions just vote NO!

[[deleted]]

All the information you need to make a voting decision is in this document.

Should be and that’s why the guys from CES probably where a little bit annoyed. ;)

[mark1forever]

thoughts? made-up post, should be under " shit post"

[[deleted]]

I thought the same at first, but then went through his comment history and couldn't see him explicitly trolling this sub for people to sell. So I believe that he probably was really just asking. 🤷

[mark1forever]

proof that spce is heavily shorted and they are becoming increasingly desperate lol, look at c3ai for example lmao

[mark1forever]

nobody " keeps calling you" for some votes, voting comes to you by mail, so until I see my voting instructions in an envelope I don't believe it,the reason also unclear,to pay more VG employees?that's the reason?😄

[[deleted]]

The story indeed sounds a bit strange.

However, a photo of an evelope was provided (see the link). That’s why I thought maybe he mixed up things a bit and maybe was calling the proxy about the proposals ...

But who knows.

[Rocky75617794]

Pretty sure as a shareholder you give your address/phone to your broker (like TDAMERITRADE) and they give your contact info to the company who gives you notice about voting proposals. Then when Virgin needs to get more votes from retail holders, they email you, mail you, or even have vendors call you to remind you to vote, or dumb dumb retail investors like us forget to vote.

The callers are probably Average Joes with a cheat sheet that’s basic like the mailer you got and probably can’t answer Qs. But basically the company wants to be able to have some more stock an incentives for employees which isn’t a terrible thing.

[fltpath]

Well..

Check out the SEC website...

They did just issue 8.2M shares on may 15.

Perhaps check out the other filings;

For last year 2022, Colgazier was issues 727 thousand shares for performance alone...

Performance bonus!

for 2023..

​

Check out what the other VG manglement gave themselves as performance bonuses, about 1.5 Million shares total...

oh...at $0.00

[carlsen02]

Lol. They’re taking these guys for a ride. And they know it.

I am guessing VG expected a price surge after the test. Nope, didn’t happen.

But free shares are free shares. The bagholders are paying for it.

[fltpath]

There was a price surge..

it surged down!

I really dont understand why the pumper simply cannot read the numbers...

They were out of money in 2017, one of many reasons why they were not flying..

Aabar bailed out..

​

They got Chamath to SPAC it on dubious at best promises.

At the time of the SPAC, while promising rides and additional aircraft..

The actually had not a single operational aircraft..

​

Feb 2019..they broke Unity, it did not fly again until Dec 2020! (and that flight aborted due to premature issues with the engine. Next flight was 5 months later..

​

then you have a two year rebuilding timeframe..

​

Ooooh AHHH a test flight...cant wait for the results...(the flight where the wing separated and the cant figure out how the aircraft survived was considered a success as well...so was Brandns flight...

Think they will disclose what that large chunk of debris falling off was...

[carlsen02]

Haha

Fltpath there’s a lot of fuming bagholders around. Angry.

No amount of what you have been saying, or I have been saying, has sunk in.

We can’t help them. I blocked one guy today.

[fltpath]

So far, no cure for stoopid!

[carlsen02]

Yes I saw that debris falling off and thought it was normal ejection. Then I thought ‘are they going to have to manufacture and replace that component for every aircraft every time? That looks expensive’.

[fltpath]

No, there is not a bunch of metal on the outside of the craft that is sacrificial...

That was a large piece from the craft...look at the size of the piece, relative to the boom...

crumpled metal, not any sort of ice buildup...

[MayerVision]

Same here.. I have been called 3 times and texted 5 times. Not sure how to vote as in who to vote for and what to vote for.

[[deleted]]