Cartel Blue Inc (CRTL)

[flptrnkng]

Do you think it possible that Peter

holds ~1 billion shares (as of 12/11/08)? Or that he could pull together proxies to cover that many shares?

If not, then the proposed split will have to be a proportional one (that is, the A/S and O/S will have to split the same amount). There will likely be a round-up of fractional shares.

Anything else would require a shareholder vote.

Any change in A/S after that would have to be a separate amendment/action.

Of course, we've seen Peter change the A/S before without prior disclosure or shareholder vote. Did he have a majority of shares back in July?

Regards