Capstone Companies Inc (CAPC)

[Salve Lucrum]

Florida Statute 607.1602(1)

Dizzy, this gives minority stockholders in a corporation certain rights including the right to examine:

(a) records of all minutes of any meeting of shareholders and board of directors;
(b) accounting records of the corporation, including salary and bonus payments made to personnel and all records of vendors paid by the corporation;
(c) complete disclosure of all lawsuits pending or previously filed against the corporation;
(d) complete reporting of advances or expenses paid to any director, officer or employee;
(e) disclosure of the corporation’s issuance of additional shares or promises to pay shares to any party; and
(f) copies of financial statements that are required to be delivered to the shareholders each year

While this does not of itself block Wallach's takeover, it is listed online as a providing tools to do so. See my next post.