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Re: upabuckandout post# 10855

Tuesday, 11/06/2007 11:39:30 PM

Tuesday, November 06, 2007 11:39:30 PM

Post# of 45181
If you were JL you could keep issuing more shares and create preferred with superceding voting power like a 3-1 or whatever number he pulls from the sky. It's a very simple thing to do actually...nothing any shareholder can do about it at the end of the day. He may need board approval and we'll see where each board members loyalties lie...so you can see each of them for who they are. You would have to be dumber than dumb too have that many wells and not to be turning a profit for a legit publicly traded company. If this was a NYSE company IMHO the CEO would have his time clock punched a long time ago...shareholders would never allow this. It can also be a tool for a small company to prevent a corp hostile takeover from outside suitors.

By the way Local is right all of you are going to have to find the unrecorded/recorded working interests and then actually do something about it if that is what you all wish to do.