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Re: contractor10940 post# 31159

Monday, 08/06/2007 1:22:36 PM

Monday, August 06, 2007 1:22:36 PM

Post# of 44006
Contractor I won and lost. I didn't get all I went after but did end up with 3 members of the board being replaced. The company also implemented restrictions as to ownership of shares which now prevents members of the board acquiring shares. It had appered some board members were attempting to take over the company. As for the $15,000 I suspect it would take closer to $100,000 in todays legal fees. Also at this meeting there isn't a vote on officers. I don't remember seeing anything about a proxy covering votes on new business. We would need to begin action prior to the schedualed annual meeting or petition for a special meeting.

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