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Re: krays post# 149476

Saturday, 10/11/2008 3:52:23 PM

Saturday, October 11, 2008 3:52:23 PM

Post# of 326352
Krays: Sorry, but I just don't see how a reduction in par value increases YA's voting shares. I thought beam's post (http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32802659) made sense, and I am still concerned that a reduction in par value could possibly enable an RS without shareholder approval.

But I just don't see how the par value reduction benefits YA in the manner that you indicated.

However, if what you posted is correct, then we have a very big issue because the reduction would confer a very substantial additional benefit on YA (the ability to remain in control of the company), but YA has not paid anything for that benefit. This is not a small matter, as that additional benefit - which is not reflected or provided for in any agreement that I know of - cannot just be handed to YA without some substantial consideration.