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Re: teq0904 post# 37696

Saturday, 12/13/2014 6:14:39 PM

Saturday, December 13, 2014 6:14:39 PM

Post# of 52074
The 2009 meeting occurred because the company was running up against the amount of shares authorized---and needed to increase it to secure capital (and give themselves XMas presents smile)

shareholder approval was needed to do this---hence a meeting

from the proxy:

PROPOSAL NUMBER 2
APPROVAL OF AN AMENDMENT TO THE ARTICLES OF
INCORPORATION TO (A) INCREASE THE NUMBER OF AUTHORIZED SHARES
FROM 250,000,000 TO 395,000,000 SHARES OF COMMON STOCK, AND (B) AUTHORIZE PREFERRED
STOCK TO BE AVAILABLE FOR FUTURE ISSUANCE AS DETERMINED FROM TIME TO TIME BY
THE BOARD OF DIRECTORS OF THE COMPANY




http://www.sec.gov/Archives/edgar/data/753772/000095012309023045/d68290ddef14a.htm

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