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Re: microMonkey post# 16397

Friday, 03/07/2008 12:43:27 PM

Friday, March 07, 2008 12:43:27 PM

Post# of 40625
Most normal corporate actions (ratification of Board of Directors, etc) require a majority vote. Extraordinary corporate actions (merger, buyout, etc) usually require a higher percentage of votes. Percentage is set by corporate By-Laws. It's usually at least 2/3 and sometimes 3/4. What we don't know is how many shares are out there and who owns them. If Ron and his atty group own enough shares then they can do pretty much wwhat they want as long as it's not illegal or fraudulent.