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Re: Fugundus post# 140827

Monday, 04/07/2008 6:28:00 PM

Monday, April 07, 2008 6:28:00 PM

Post# of 202893
Fugundus- please don't look forward to a buyout. If you own shares in this company it could even hurt you. A takeover by buyout would only need to buy control of the company's votes which reside in the tightly controlled hands of our management. An outsider could buy all the shares of common out here and still couldn't take over the company. It's all in the voting power. How happy would you be if a big outfit bought the company and to get rid of pesky shareholders reversed the stock into oblivion. It could happen. Any attorney worth his fat paycheck will set up a microcap company with super voting rights on a preferred series of the stock. No takeovers, no expensive proxies, no one to contest whatever management wants to do with the company. Takeovers may be good for shareholders in blue chips, but in pennyland it's only a roll of the dice.

.........al

I may not agree with what you say, but have fought and will continue to fight for your right to say it. USArmy 1966-1975

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