In the case of Michelex, Messrs. Lacle, Syed and Saleem can not increase the AS. Reporting to the SEC that they have increased the AS does absolutely nothing except provide evidence of securities fraud.
The SEC does not issue shares, the transfer company does. Colonial Stock Transfer would have to actually issue the shares and Colonial Stock Transfer will not do that without verification. Colonial Stock Transfer is aware of what is going on. Transfer companies are heavily regulated. Colonial Stock Transfer is not going to put themselves at risk. Colonial Stock Transfer is not going to issue shares without the approval of the corporate attorney and the corporate attorney knows that Messrs. Lacle, Shah and Syed do not have a majority of the votes.
Sincerely,
Dino A. Sawyer
savemichelex@gmail.com
