Hartman Group Warns Silver Star Properties (SLVS) Shareholders About Misleading Proxy Tactics, Reaffirms Validity of BLUE Card Vote Amid Poison Pill Trigger
Summary
Dear Shareholder,
IMPORTANT SHAREHOLDER UPDATE
Silver Star has triggered a second “poison pill” — a legal maneuver used to block shareholder action and entrench the incumbents — and has announced a new meeting and record date. As part of this, each shareholder, other than the Acquiring Person (who is blocked from receiving additional shares), will receive two additional shares of common stock, resulting in your owning 3 shares instead of the 1 you held prior to the trigger of the pill.
The Hartman Shareholder Alliance is honoring that split. Your vote on the BLUE card will count for your full share amount.
Let’s be clear:
þ The BLUE card is a valid vote.
X You do NOT need to vote on the WHITE card.
Silver Star is using misleading tactics to confuse shareholders into thinking their vote doesn’t count unless cast on the white card — that is false.
Please ignore further calls or emails from Silver Star. If they call you — especially on a recorded line — we recommend you hang up. They do not need your vote or your information.
You also do not need to attend their proxy meeting. No important matters will be discussed — they’ll simply announce their own vote count.
We’ll continue to keep you informed.
— The Hartman Shareholder Alliance
Source:
https://www.sec.gov/Archives/edgar/data/831616/000110465925066114/tm2519896d2_dfan14a.htm
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