Universal Apparel and Textile Co. (DKGR)

[AsianGroup]

Now I'm confused,

The Shareholders appoint the directors (even though I don't know when we ever had a shareholders meeting)and the directors appoint the Officers,and the Officers / Directors run the company,regardless of who owns the majority shares (and again I don't know how they are held currently)

If they want to make a change before the next shareholders meeting anyone can resign or the Chairman of the Board can call a speical meeting and replace the CEO or any other officers if a majority of the Directors vote that way and a majority shareholder (assuning we have one as posts keep claiming) is really powerless until the next shareholders meeting....

I assume that's the way it works but these guys are so small with only two directors I guess the Bi-Laws are written to allow it to be diffrent? I doubt anywhere in the Bi-Laws it allows for any shareholder, regardless of number of shares held to hire, fire or make decisions?



Is that not correct?

MC