Nutripure Beverages Inc (NBVG)

[rmessmer]

OK, so what do we really know? Steve is gone - removed. By vote of shareholders. How did that happen? Normally Board of Directors appoints officers. Board of directors is elected by shareholders. If Board wants to get rid of officer that their perogative. Most extraordinary action of the co.(acquisition, merger, etc.) requires a 2/3 vote of the shares - but not always- could be 51% depending on by-laws of corporation. A vote of shareholders can often be held by telephone in most states. If they held over 2/3 of shares they can pretty much do what they want as long as not illegal or fraud, etc. Thing that's unusual is that atty is now sole member of BOD. What happened to rest of Bd? Bd makes decisions on long range plans of Co. Officers carry out day to day plans. Highly unusual to have BOD be ONE person.

Patents- Patents are usually owned by co. I doubt if Steve owned patents - they are assets of co.

One thing certain is that there is turmoil in co. Focus will now be on what is going on internally and not on getting product to market or moving co. forward. That is not good news. Also not good news is if Ron is who we think he is. We were told he was no longer involved in co. HE'S BACK!!! His history tells us that shareholders are low priority.

Have to wait and see how this plays out.