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Re: puckhead post# 38880

Thursday, 08/11/2011 5:35:52 PM

Thursday, August 11, 2011 5:35:52 PM

Post# of 42706
It is my understanding that public company that is delisted is still a c- Corp. The shareholders maintain their percentage ownership. Anyone else who has owned an s-Corp knows what I mean, it is just on a larger scale.. There would only be disbursement if there is an end of year profit. There are lots of ways to make that go away. There are annual meeting rules etc. But, you would have to get a lawyer to force that. We would also need enough clout (read: percentage of ownership) to force our way onto the board. I don't believe that we have it. It was my understanding that things were on hold until the ribowsky mess was sorted out. If they were to relist (even imminent application would affect things) before the liquidation of assets, then those assets have a more tangible value (higher cost to buy). If I were in the same position, I would sit mum and risk annoying the shareholders in the short run if I can get them more in the long run.

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