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Thursday, October 11, 2007 5:40:31 PM
The only possible thing cbay has going for it is this. Many times on this board in the past certain posters knew that there were more authorized shares than what was posted on the nevada sos web site. I am not talking days, but weeks before the information hit the sos website. One cannot sell shares until they are authorized by the state of incorporation. So one possibility is that the "new" ceo figured out that Pawson fxxxed up and all the shares he used to do the real estate transactions were bogus and invalid because issued before authorized by Nevada. Hence the low ball figure given in the filing. But the "new" ceo would need some declaratory court action to establish this down the road and with judgment in hand oust Pawson....That could be why pawson filed the recent increase in authorized shares (which I only found out on this board and have not yet verified)...Pawson saying you may be right but I am still in control until you have judgment in hand. Just my humble opinion.
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