Monarch Staffing Inc (MSTF)

[flemsnopes]

Take a look at how MSTF Director, David Walters, voted the Series C Preferred Convertible Shares at one of his other "enterprises", RMTD (to the chagrin of many Retail Shareholders).

Excerpts from DEF 14C for RMTD which is also controlled by MSTF's own David Walters and Company

To the stockholders of Remote Dynamics, Inc. (the "Company"):

Notice is hereby given that our majority stockholder, pursuant to a signed written consent to action without a meeting, to approve an amendment of our Amended and Restated Articles of Incorporation to authorize 15,000,000,000 authorized shares of our common stock having a par value of $0.0001 per share.

Common stockholders of record on the close of business on March 24, 2009 are entitled to notice of the consent to action; however, the majority stockholder does not need your vote to effect the changes above. The actions to be taken pursuant to the written consent shall be taken on or about April 13, 2009, 20 days after the mailing of this Information Statement.

This notice is accompanied by an Information Statement that provides details of each of the proposals.

THIS IS NOT A NOTICE OF AN ANNUAL OR SPECIAL MEETING OF STOCKHOLDERS AND NO STOCKHOLDER MEETING WILL BE HELD TO CONSIDER ANY OF THE MATTERS LISTED ABOVE.
By Order of the Board of Directors,
By:/s/ David Walters

and

Approval of the action described in this Information Statement requires the approval of holders of a majority of the voting power of our common stock as of the Record Date. Bounce Mobile Systems, Inc. (“BMSI” or the "Majority Stockholder") can vote an aggregate of 112,244,309,718 shares (or 97%) of the voting power of our common stock and will be able to approve the matters presented in this Information Statement. The Company is not soliciting your vote as the Majority Stockholder has given its signed written consent to action without meeting, and already has the vote in hand.

and

Mr. David Walters, our Chairman, is the Chairman and Chief Executive Officer of BMSI and also Managing Member of Monarch Bay Capital Group, LLC (the majority stockholder of BMSI). As of the Record Date, BMSI held 5,379 shares of our series C convertible preferred stock, 604,310,965 shares of our common stock, $2,163,000 principal amount of Series B Notes, our series E-7 warrants to purchase 220,007 shares of our common stock, and our series F-4 warrants to purchase 220,007 shares of our common stock.

Link to full filing

http://www.sec.gov/Archives/edgar/data/944400/000114420409014970/v143374_def14c.htm