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Re: FloridaFH post# 63092

Thursday, 08/16/2012 12:17:43 PM

Thursday, August 16, 2012 12:17:43 PM

Post# of 75409
With respect, BH left a functional company that had been raising money and attempting to build a business. A business that was under capitalized and not supporting itself by its revenue thus being financed in part by debt of all kinds. MF shut it down because the financing plan he had was unsuccessful. He turned it over to JG who was worse than unsuccessful and a complete embarrassment to all. MF took it back from him and righted the calamity and turned it over to MG. MG was unsuccessful in effecting a merger that was planed, announced, and never again heard of. MG then turned it over to what is now the group lead by JH. Somewhere in this you think there was a valid shareholder vote electing new officers? I was not notified. I am unaware of a shareholders meeting which must have been conducted for such a thing to have existed. The last valid shareholders meeting was held by BH and Bev. I know that one side basis its authority on an unofficial improperly executed shareholder vote that is not valid while the other side basses its authority o a very clear transfer of power via Board resolutions. I assume that leon does not have capital. (could be wrong but ther ehas been no show of any) and that James Hodges and his group are flush and have access to capital. This am very confident of. without BH vote and debt reconciliation progress is not possible. We all know that BH is doing just fine after the BCCI phenomenon. I think that seeing as so many made such good money over there that the connections are very friendly. My basis is not one of concrete proof but of facts and, strenghth of corporate law, and logic.