Modern Energy Corp (fka MDRG)

[kakalak]

So far as I can determine, the GPGD shares will not be distributed as the MDNO shares to which they will be distributed no longer exist. Judge Shaw really screwed up here. He declared that MDNO shares are null and void. But he provided no direction as to how to make a stock null and void. These shares are owned by many people. Will the MDNO shares revert to MODR shares (X1000)? Will MDNO appeal Judge Shaw's ruling? According to the court records, the hearing lasted all of 9 minutes. That hardly sounds like any time was spent providing the evidence of a properly authorized "stock split".

It looks like MDNO's attorneys in St. Louis were asleep when the case was called to order.