ERHC Energy Inc (ERHE)

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That's not exactly right Electric, and as well informed as you are i think you know it
you should have said "he can try it"..... If that acually happened it would draw severe investigation from the SEC...and invite class action law suits..SEO wouldn't want this, it would tie up everyone's money for years and cost enormas attorneys fees
I have seen this happen a couple of times over the years, it happened to a friend of mine several years ago....(he won in court)
The courts almoast alway come down on the side of the small stockholders, also if the majority holder acted on information not available to the smaller holders that would go to criminal court
i'm sure that some of the attorney's on the board can give the SEC rules that apply, if i remember correct, it takes a super majority to seal the deal. a simple majority just don't hack it.