In order for that to occur, Messrs. Lacle, Syed and Saleem would need to actually have a majority and it would need to be verified. Typically that is done by the corporate attorney. In your example, shareholders are not watching and/or are apathetic. In the case of Michelex, shareholders are watching, the corporate attorney is watching and Colonial Stock Transfer is watching. Messrs. Lacle, Shyed and Saleem may be unethical but I doubt that they would be stupid enough to try to pull off what is suggested. That would be an open and shut case of Securities Fraud. Mr. Magoo could be the prosecutor and win that case.
Sincerely,
Dino A. Sawyer
savemichelex@gmail.com
