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Re: joye1 post# 67585

Sunday, 08/01/2004 2:34:43 PM

Sunday, August 01, 2004 2:34:43 PM

Post# of 358439
Insiders can easily retain majority ownership by issuing themselves preferred shares with super voting rights, which happens quite often in the BB/Pinkie world.

FYI, NRS 78A-080, cited in your post here, does NOT require majority approval from shareholders for a company to make asset buy and sell decisions. The actual words of the entire statute (as contained in the link and not the abbreviated/modifed version posted) should be read for what they really say and not for what people want them to say.

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