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Re: private_wealth post# 48483

Monday, 12/28/2009 2:11:25 PM

Monday, December 28, 2009 2:11:25 PM

Post# of 83049
It's my understanding that one big advantage to incorporating in Nevada is that 51% of the shareholders can have a shareholder meeting at any time (even by conference call) and, assuming they are in agreement, make major corporate decisions (like raising the A/S) without involving the remaining shareholders (who constitute a minority and couldn't overrule the vote anyway).

It's typical of pinks and penny stocks that the core insiders always hold at least 51% of the shares and that's why you never hear about any upcoming shareholder meetings.

This is just from memory and if I'm wrong please feel free to post a correction.

=^..^=



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