Effective Control Transport Inc. (fka EFFC)

[rosebud05]

My understanding is that Delaware law does not allow the sale or transfer of the majority of assets without shareholder approval. The AS was maxed out in the Spring this year and RH could not increase it without shareholder approval on that as well. So how was he able to ink a deal with Axyomm for 300K in shares at June PPS, which depending on the day it was signed could be well over 60 million shares? Nope, shareholders deserve to have management that is interested in honestly representing their interests and abiding by the law. Axyomm is just another RH company, one formed to allot himself and a few others of his choosing a huge stake in the product we as shareholders have funded.