Saturday, August 23, 2014 9:29:29 AM
Huffman still had the CERTS at that time and a reverse split was being considered as a way to make the 1B shares all but worthless. Then I realized the preferred shares didn't exist.
from: <smallcapsmarket@gmail.com>
to: Distinguish Yourself !!! <apierce713@aol.com>
date: Mon, Nov 25, 2013 at 7:02 AM
subject: Reverse Split and Questions
Alonzo,
Does Sonfield know that the preferred shares were never filed in Nevada?
If so, what legal standing does he say you have since the 60 preferred shares were suppose to give you voting control? I'm not saying you shouldn't have legal standing, but do you actually have it? How?
Also, I understand why the reverse split needs to happen, but I think you need to let the shareholders vote on it. You can explain to them why it's needed, (to remove the chill and wipe out the 250MM each), but it gives them the chance to participate. You are not deciding the fate of their investment, they are.
I don't know if they will, but TEMN should file a complaint with the SEC about Huffman. He is attempting to defraud TEMN shareholders with bogus CERTS. The Pena Letter shows Klein exchanged those bogus CERTS for TEXX shares, and Alonzo and I thought the shares gave him control. When it was discovered the preferred shares were never filed, the Preferred "E" shares were designated and issued to Alonzo per NV law.
I know it's been suggested the OS count is 1B higher, but that isn't true. NV law determines how shares are issued. Just because a bogus CERT was printed it doesn't make the shares in any way issued or outstanding.
The new share count needs to be explained. The court case needs to be handled ASAP. The Phantom Shorty BS needs to go the heck away, though it's "ghosts" likely never will. Lou needs to be fired, but that won't happen either.
Lots of potential, but way too many clowns involved here. Bizarre....just bizarre.
There shouldn't be a settlement, except between Huffman and the SEC.
The law is on TEMN's side. They should leverage that fact and go after ClearTrust as well. They should have done it months ago.
We'll see.......
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