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Re: mike93433 post# 19080

Tuesday, 03/24/2020 2:56:18 PM

Tuesday, March 24, 2020 2:56:18 PM

Post# of 19276
I think we actually know the answer already.

Personally, I come from the school that says that any company (but particularly a private one) has the right to know the names, contact details and holdings of every one of its owners. They don't have to know when those shares were acquired, or at what price.

Basically, this is what the company's Board wants to know and they would like to be able to account for as many as possible of the 370 or so million shares that are outstanding. From a practical standpoint, this would enable them to reach out to every owner on a highly efficient basis and, from a financial perspective, allow them to satisfy the SBA rules of stock ownership disclosure.

Yes, NOBOs make the job much easier than OBOs but it actually doesn't matter - I am an OBO that has declared and validated my ownership to the company ... that is all that is needed.

The problem is that there are certain folks that are being deliberately obstructive to what is, essentially, a simple request. And, the company and all of its owners suffer as a result of it.

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