AI
Sunday, August 03, 2008 11:50:28 AM
How many people know that 10% ownership can file for dissent in a Nevada Corporation ?
http://www.leg.state.nv.us/NRS/NRS-092A.html#NRS092ASec300
And the company must buy the shares at fair market value.
NRS 92A.320 “Fair value” defined. “Fair value,” with respect to a dissenter’s shares, means the value of the shares immediately before the effectuation of the corporate action to which he objects, excluding any appreciation or depreciation in anticipation of the corporate action unless exclusion would be inequitable.
(Added to NRS by 1995, 2087)
There is no doubt that alot of people were upset when Dan Ryan of ABVG pr'd that the company was buying back shares up through .09 from the public market and then pr'd he had aquired shares privately to meet the share goal.
Sometimes 26 stories are just 26 stories.
Other times they are so much more.
http://www.leg.state.nv.us/NRS/NRS-092A.html#NRS092ASec300
And the company must buy the shares at fair market value.
NRS 92A.320 “Fair value” defined. “Fair value,” with respect to a dissenter’s shares, means the value of the shares immediately before the effectuation of the corporate action to which he objects, excluding any appreciation or depreciation in anticipation of the corporate action unless exclusion would be inequitable.
(Added to NRS by 1995, 2087)
There is no doubt that alot of people were upset when Dan Ryan of ABVG pr'd that the company was buying back shares up through .09 from the public market and then pr'd he had aquired shares privately to meet the share goal.
Sometimes 26 stories are just 26 stories.
Other times they are so much more.
I want answers!
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