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Re: powerbattles post# 5004

Saturday, 08/30/2014 2:12:42 PM

Saturday, August 30, 2014 2:12:42 PM

Post# of 34476
Yes you are right on NO INCREASE IN A/S CURRENT A/S is 500 Million.

Some do not understand English there were word there that are difficult to understand like "Quorum" and seen the same story over and over and investors getting wrong info from post that are incorrect.

The vote did . **Vote to increase A/S to 10 BILLION has been adjourned to a later date for failure to achieve a quorum. At this time, the Company has not determined when a new meeting can be scheduled. The record date for the stockholders entitled to vote at the new special meeting remains the close of business on July 15, 2014, unless the adjourned meeting is postponed for more than 120 days, then a new record date will be set.  This therefore NO CHANGE AND NO FURTHER INFO ON NEXT MEETING. that In simple language means they don't have a date nor do they expect a date to meet again to vote for a increase. PERIOD!

Quorum means:
http://en.m.wikipedia.org/wiki/Quorum

A quorum is the minimum number of members of a deliberative assembly (a body that uses parliamentary procedure, such as alegislature) necessary to conduct the business of that group. According to Robert's Rules of Order Newly Revised, the "requirement for a quorum is protection against totally unrepresentative action in the name of the body by an unduly small number of persons."[2]

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