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Wednesday, April 13, 2011 1:08:40 PM
All we need is to gather support from other shareholders to form a group holding 15% of o/s to exercise the rights due to us as shareholders...
it would be tough but may be doable..... unless the holders of at least 29 million shares are contented on PRs with no movements in the PPS...
http://www.leg.state.nv.us/NRS/NRS-078.html#NRS078Sec257
NRS 78.257 Right of stockholders to inspect, copy and audit financial records; exceptions; civil and criminal liability; penalty.
1. Any person who has been a stockholder of record of any corporation and owns not less than 15 percent of all of the issued and outstanding shares of the stock of such corporation or has been authorized in writing by the holders of at least 15 percent of all its issued and outstanding shares, upon at least 5 days’ written demand, is entitled to inspect in person or by agent or attorney, during normal business hours, the books of account and all financial records of the corporation, to make copies of records, and to conduct an audit of such records. Holders of voting trust certificates representing 15 percent of the issued and outstanding shares of the corporation are regarded as stockholders for the purpose of this subsection. The right of stockholders to inspect the corporate records may not be limited in the articles or bylaws of any corporation.
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