Franklin Mining, Inc. (FMNJ)

[looneystocks]

Please remember lets go by the financials not by what you may think or going by what you may have heard from someone who knows somebody who knows an insider. You could have been misinformed.

51% is needed and a proxy is still needed and it needs to be recorded, a corporate resolution needs to be done and it needs to be released in the quarterly and in the annual, it is a material event to the company.

Accordingly there is no mention of an approval that was done at the time. If there was a vote and 51% was done, those shareholders that control that 51% has to be recorded in the company books as voting for the approval of the sale or lack thereof of the public company assets, projects, intellectual property, etc...

So far from what I have read on the financials of FMNJ and ENMI, there seems to be no proxy mentioned of the transfer of FMNJ projects, assets, intellectual property to Franklin Oil & Gas the private company.

According to the 2009 annual report insiders made up less than 17% of the common shares.