Friday, December 12, 2008 6:43:02 AM
... wants to continue being a public company and benefit from access to the public markets and be able to print shares to give to a loan shark ... err, I mean, a supporting financier in return for money with which to continue to pay salaries, benefits, expenses, handsome exit packages, etc ... I think when a company does all of that and wants to stay public, yes indeed they are obligated to hold an annual shareholders meeting.
Obviously our management hasn't felt the need to live up to that obligation in quite some time, and they're too far off the SEC radar for the SEC to force them to live up to that obligation ... or be delisted.
jonesie
p.s. the 'loan shark' is the 'fishy' smell someone noticed.
p.p.s. of course, I hope nobody would be expecting to cast a meaningful vote at such a shareholders meeting, since the company has stated in its very own SEC filings that YAGI, by virtue of all of the debt obligations it holds, has a deciding vote on an 'as converted' basis. You might be invited to vote, and you might vote, but it would be futile lol.
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM