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Re: LGL8054 post# 30399

Wednesday, 07/04/2007 11:27:42 AM

Wednesday, July 04, 2007 11:27:42 AM

Post# of 37012
I had thought about this before.
Maybe our lawyer boardmember JerryB can help us out.

We have 60+ shareholder on this board.
Of those 62% have disclosed their shares held, which is 15.3 million.

If everyone disclosed the amount of shares we hold, the number would be more like 25 million of the 45 million float.

The O/S is 118 million.

Therefore, we own 22% of all shares, including ones restricted.
If the CEO, COO, and all other company members (and their office) are missing for over 3 months, no TA and no IR person, are we legally able to call a shareholders meeting? Obviously all shareholders, including DR. Cavasin, would have the opportunity to attend.

If we can hold a meeting and only us IHub members show up, can we make changes in the company structure?
We could hire Stefoglo and utilize his technology, or we could sell the shell, or we could dilute the crap out of this baby and try and make our money back - hehe.

Are the above senarios possible?

If we have 25 million shares that works out to $475,000 worth of ACMG company stock.


MBL

Share Structure:
Authorized: 250M
O/S: 118M
Restricted: 73M
Float: 45M





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