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Re: cheap10 post# 151945

Tuesday, 12/18/2018 5:02:27 AM

Tuesday, December 18, 2018 5:02:27 AM

Post# of 163716

Minority shareholder protections

section 1104-a, the holders of 20 per cent of voting shares of a non-public corporation may request that the corporation be wound up on grounds of oppression.

NY Bus Corp Law §1118 and Alaska Plastics, Inc. v. Coppock, 621 P.2d 270 (1980) the minority can sue to be bought out at a fair value, determined by arbitration or a court.

Anti-dilution provisions are designed to ensure an investor’s interest is not diluted through the issuance of new equity at a lower price. Usually this entails the issue of additional shares to the investor to reduce its effective average purchase price.
Read more at http://www.turinasbird.com/2016/01/12/corporate-law/minority-investor-protections#IJO9u58RkZkZ4bQS.99



If shareholders were to claim 10% of the book value it would be $1,50 per share. Almost ten times current share price. Or $0,50 per share for the damages they caused diluting 20 million shares from $1 share price downwards (after dilution announcement scam).

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