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Re: old_timer99 post# 265558

Saturday, 02/17/2007 12:15:37 PM

Saturday, February 17, 2007 12:15:37 PM

Post# of 279080
Speaking of VC's

"They "automatically get paid" because the common shareholders approved them supervoting rights. They controlled QBID ."

~ Interesting . Was there a NAME to the "they" that CONTROLED QBID after exercising those rights ?

"Fan supposedly "took control" post liquidation. Shareholder approval would be required for that. Seeing there was no shareholder approval or proxy, it suggests the financiers with supervoting rights appointed him.

~ So why would there be a need for ANYkind of "merger" ?
It is ALREADY "owned/controlled" .




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