InvestorsHub Logo
Followers 2
Posts 524
Boards Moderated 0
Alias Born 05/23/2007

Re: Sputnik post# 4390

Friday, 02/19/2010 12:53:39 PM

Friday, February 19, 2010 12:53:39 PM

Post# of 8214
I think that decision will be entirely up to the Board of Directors. There were plenty of shares available, nearly 100 million, last time I looked. The shareholders voted unanimously, no overwhelmingly,(93.5%)to authorize that many a while back.

With a development stage company such as this one, it could be as informal as.....

Bill: Hey Bill, the bank acount is running a bit low. Those accounts payable guys are getting a bit nasty and I`m not sure whether we can cover this months Beemer payments.

Bill: No problemo. I`ll get on the phone and start making a few calls. I`ll let you know when we`ve been "touched by an Angel". Heh, heh, heh.

Bill: I`ll go ahead and start the paperwork. Make sure you sign it before you leave today. Does $0.25 a share sound reasonable?

Bill: Hey, that`s what we did last time and we got away with it. We just won`t announce it until the deal is done. Hey, we`re the Board.....we get to do stuff like that. It justifies that paycheck we give ourselves each week.

Bill: Boy, it`s almost lunchtime. Nothing like a positive board meeting to stimulate the appetite.

Ain`t it fun!!

Thin
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.