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Re: exceo post# 146529

Wednesday, 12/10/2008 8:47:09 AM

Wednesday, December 10, 2008 8:47:09 AM

Post# of 361696
Since we are all anonymous, I think it would take the following to accomplish:
1. Engaging a lawyer to accept communication from interested shareholders in order to maintain anonymity until a date certain. Shareholders cosidering memebership would probably be required to sign a non-disclosure.
2. After a certain date, shareholders are going to have to be willing to allow their names and the percentages the control the votes on divulged to the others in the group. Members would probably be precluded from divulging the names of other members of the group. bear in mind that there may be members who may not be liked by other members. Too bad, they have just as much right to be there. The lawyer would co-ordinate communication amongst the members.
3. Obviously the in-concert rules would have to be reiewed to ensure compliance.
4. Assuming enough shares are represented (I am not aware of the number required), members would have to nominate potential board members and a proceedure determined on a selection porocess. Note that the nominated person need not be a group member and probably shouldn't be. He probably should be an industry person who can provide value to the company without the baggage of being an interested shareholder.
5. Once the nominated person is agreed, he can be announced publicly which will hopefully cause other shareholders to jump on the band wagon and vote for him.

This needs alot of work and advise from counsel before implementation. Calls can be made to counsel to figure out on a preliminary basis.
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