(cross posted from RB) This is the content of the long awaited SH meeting sent out to shareholders.
Here is the notice letter for those that didn't yet or won't receive one. I am posting the 7 proposals only.
1. To approve actions taken by the officers and directors of the Company in the negotiations to date with TREE TOP INDUSTRIES, INC., a Nevada corporation, whose shares trade on the overt-the-counter bulletin board under the trading symbol "TTII" in connection with a certain plan of merger, asset-roll-:up and reorganization.
2. To authorize the officers and directors of the Company with full power and authority to finalize the negotiations with TREE TOP INDUSTRIES, INC. in connection with the Plan and to do all things necessary and proper in connection therewith.
3. To authorize the officers and directors of the Company with full power and authority to investigate "naked short" selling in the Company's shares on the Pink Sheets, including but not limited to hiring experts to advise them, and thereafter to take such action as they may deem appropriate under the circumstances to protect shareholder value.
4. To authorize the officers and directors of the Company with full power and authority to investigate internet chat room bashers to determine whether they are working in concert with the "naked short" sellers and/or otherwise seeking to implement a "bear raid" on the Company's shareholder base, including but not limited to hiring experts to advise them, and thereafter to take such action as they may deem appropriate under the circumstances.
5. To authorize the officers and directors of the Company with full power and authority to investigate whether third party shareholders who have identified themselves as affiliated with one another have become in fact "affiliates", "insiders" and/or part of a "control group" as defined by the Securities and Exchange Commission, thereby obligating the Company to identify them as such in accordance with applicable securities laws and rules.
6. To authorize the officers and directors of the Company with full power and authority to implement anti-takeover measures as may be prudent and necessary under the circumstances to prevent and deter a hostile takeover of the Company by persons both known and unknown to the Company, including but not limited to, the issuance of super voting shares, adopting so-called anti-takeover "poison pill", and other measures whose purpose is to protect the assets of the Company from take over by a hostile party at valuations detrimental to all stockholders.
7 . To authorize the officers and directors of the Company with full power and authority to implement the spin-off of Coil Tubing Technology, Inc. to for the benefit of the Company's stockholders who as of May 2006 were entitled to the spin-off dividend constituting 39,800,000 shares.
TT1
