Jay, you know that's wrong. Stratter and Panik weren't at any meeting where TMMI made this acquisition. Why do you post things knowing that it's a fabrication? I know Stratter and Panik were awarded 3 million shares each. Haskins and Simpson were awarded 7 million shares each. BUT there's a problem here.... DFI's original charter only allowed up to 100,000 shares.
The governance of DFI, both prior to, and after, was illegal. To further incriminate this matter, after DFI shares were rescinded and DFMI was formed as a chapter C corporation, Panik found Simpson's embezzlement and malfeasance and gave back his 3 million shares and resigned from DFMI's BOD. The coup de gras however is that two shareholders (out of a minimum of 35 shareholders) voted to sell the company. No announcement was made prior to the vote to allow any other shareholder to know about, attend, or vote on that matter.
This is truly illegal. And, as said before, TMMI was aware of this but still proceeded with the acquisition. Therefore my questions are: how many shares were outstanding when Haskins and Simpson lined their pockets? How many shares did Haskins and Simpson vote? Was this a majority? Was this considered a quorum?
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