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Re: SirFelix post# 19907

Thursday, 10/12/2006 7:43:35 PM

Thursday, October 12, 2006 7:43:35 PM

Post# of 53987
David~when Kelly responds I assume his response will be sufficiently understood but MY understanding is a merger/acquisition would require the vote while "unissued and unreserved shares of our common stock will also be available for any proper corporate purpose, as authorized by the Board of Directors, without further approval by our shareholders, and we do not intend to solicit further authorization for the issuance of those shares prior to issuance except as otherwise required by law."

The difference being doling out for expenses and compensation would fall under "proper corp. purposes" while an acquisition as required by law would require a vote.

I probably should have left the phrasing to Kelly but I think that is how it works, no?

best!

kp

"When you look at things differently,

things look different"
--Wayne Dyer--


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