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Re: rottenapple post# 1438

Tuesday, 03/15/2005 10:09:25 PM

Tuesday, March 15, 2005 10:09:25 PM

Post# of 45771
rottenapple, the Nevada Revised Statutes clearly states that for the inspection of the books, there is need of at least 15% of the issued and outstanding shares. At this point, and based on the latest filings, that number is a little short of 30 million. It may be higher a little if more shares were issued and outstanding. We know at this time that only Class A common stock and class B common stock have been issued and outstanding. The class C Preferred stock has not been issued as of yet. But, to be on the safe side, let's consider that the whole 40 million authorized shares have been issued and outstanding. To play safe, shareholders must accumulate 6 million shares in order to exercise their right to inspect the books.
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