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Re: surfguy post# 225260

Friday, 03/25/2011 1:11:32 PM

Friday, March 25, 2011 1:11:32 PM

Post# of 375420
Surf: IMO you are spot on. As I have been alluding to, there is serious question as to Jeff's legality as CEO. Obviously, enough to cause Centa to put a brakes on the closing.

Now for those that are wondering about a vote. The board can reject a merger on behalf of shareholders. The suitor (Centa) could pursue a proxy fight and go straight to the shareholders (aka a hostile takeover).