Wednesday, November 24, 2010 2:43:59 PM
Some "proofs" of my 20/20 vision on this matter:
From the company's information statement:
From the state of Delaware corporations code:
Lanza's one share effectively negates this section with the malicious intent of denying the shareholders their rights under Delaware law and under other sections, Lanza and the Directors allowing Lanza to operate as he has, are personally liable to the shareholders IMO.
Lanza's "excuse" for "gibving himself this one share for $1.00 was that it is a poison pill to stave off hostile takeovers. Only his definition of a hostile takeover is the shareholders exercising their rights and maybe booting his lying ass out. (This is not a poison pill, this is an outright theft of the management of the company)
I have no humble opinions, but I do have opinions and those are what I express in my posts. BUT...I have been wrong before and likely will be wrong again so do your own research and don't blame me if you are too lazy to do so.
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