That's odd..so did the other 8 "shareholders" sell their shares before the meeting? Did the remaining 7 "shareholders" sell 3 million plus shares before the meeting? It's clearly obvious that Solomed is not present at this meeting.
<Of the fifteen "shareholders" who called the special meeting, only seven appear on the official ValCom Shareholder List, provided by Company's Stock Transfer Agent, Continental Stock and Transfer Company. The seven shareholders who do appear on the list hold only 9,521,754 shares of ValCom stock, not the 12,593,950 that they claim to own, and significantly less than the 10% threshold amount required to call a special shareholder meeting pursuant to Article I Section 2 of Company Bylaws.>
Something I have contended all along. There appears to be far more shares outstanding that what was reported. Unfortunately since there has not been a 10-Q issue since the end of the June 2011 quarter, most shareholders would not know that. However, i do wonder if the New BOD is including the 50 million shares that was issued to Solomed.
<Before a shareholder vote can proceed, the Company must audit and determine the total number of outstanding shares of ValCom. Pursuant to the ValCom 10-Q for the period ending June 30, 2011, there were 178 million outstanding voting shares reported. According to the most recent Shareholder List provided by the Company Stock Transfer Agent, there are significantly more outstanding shares, and it is unknown how many of these shares have voting rights and also which shares may have been issued without proper authorization>
