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Re: AlexI post# 12197

Thursday, 02/02/2012 10:22:53 AM

Thursday, February 02, 2012 10:22:53 AM

Post# of 31426
I don't have time to debunk all of this now, but you are posting a convoluted and distorted version of basic corporate law, topped with a large helping of baseless speculation. Here is an oversimplified explanation of how it actually works:

1. The stockholders elect the directors.

2. The Board of Directors appoints the officers, including the President.

3. The officers run the company.

4. Certain significant corporate transactions entered into by the officers on behalf of the corporation require approval by the Board of Directors, and a smaller subset of those transactions require approval by a majority in interest of the stockholders.


"he constructed his own worthless deal to sell AIMH to Marchi and tried to get away from the proceeds"
I would call that nonsense except that I can't quite figure out what it means.