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Thursday, October 27, 2016 11:40:39 PM
I feel relatively certain the shareholders who received checks were the debt holders (those who held debentures). There were nine in total as I recall.
Also, you may find it relevant that YA distributed its debentures among the new debt holders approximately 2 years prior to the last r/s, and ALL of them converted their debentures at the identical rate, such that each of them owned and maintained the identical 9.9% common shares as the O/S grew (the O/S grew with each conversion). All of this had been specifically orchestrated as part of an original agenda. NM, LLC had been incorporated back in 2007! While this doesn't necessarily mean its original purpose was to sell off the patents, it certainly plays well to this theme.
As for the number of shareholders required to force a filing, you are spot on. The number is 500, and the company must also have revenues of $10M (which I feel certain they do...yet merely my opinion).
I also agree that it appears the company remains operating in the dark.
Now a special question:
Would you have a list of the property which remains listed to Neom?
All of the above...JMO.
Best,
BC
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