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william2112

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william2112

Re: mergerman post# 248218

Wednesday, 05/30/2007 10:18:54 AM

Wednesday, May 30, 2007 10:18:54 AM

Post# of 286613
NO ... he(management/company) can not issue billions of shares to themselves..nevada law does not permit that--those shares have to go to a third party(trusted).and then be purchased back by the company/management..to be put into treasury--that is where the convertible debenture comes into play...the company's is a mess..and there is that 9.99% restriction in effect---it just "aint" that easy---they will have to go another way more likely
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