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Thursday, October 04, 2012 11:11:36 AM
Look back through DD from the bulls and DD from the bears about FLTT and the controlling "majority shareholders."
Did I mention they did a state filing approving a 20 for 1 reverse split in Jan. 2011 without having to ask the real shareholders? The "majority shareholders"(insiders) approve everything and the real shareholders have no vote because
"the majority shareholders appreoved by written consent."
Did I mention that on 6/28/2012 they did a state filing changing the par value of the shares and that the annual was due on 6/30/2012 and never filed. "No plan to ask the shareholders for their vote" on that either.
Of course the papers are now in default.
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