SPYR Inc (SPYR)

[RandyKCMO]

Friends...

I'm fairly new to SPYR but am intrigued by recent change of focus and the trading activity over the last month, and now the recent amending of the Articles of Incorporation in the recent 8-K.

"It states: Item 5.03(a) Amendments to Articles of Incorporation or Bylaws.

"On January 22, 2018, the Company’s Board of Directors met in a Special Meeting pursuant to Sections 3.10 and 3.16 of the Company’s By-Laws. The purpose of the meeting was to entertain a proposal to amend the Company’s By Laws pursuant to Section 9.7 that provides: “These By Laws may be altered, amended or repealed either by unanimous written consent of the Board of Directors, in the manner stated in Article 3.16 herein, or at any meeting of the Board of Directors at which a quorum is present, by the affirmative vote of a majority of the Directors present at such meeting, provided notice of the proposed alteration, amendment or repeal be contained in the notice of such hearing.”

"The Board met and considered amending the Company’s By-Laws in order to comply with Nevada law. The Board received and considered amended By-Laws and adopted them by unanimous written consent."

From my limited experience, changes like this are generally made for a substantial reasons... because lawyers say so, which of course raises the question why do the lawyers say to do so?