Chester Holdings Meeting Highlights, taken from RB:
"By: Steveg
24 Oct 2005, 04:56 PM EDT
Msg. 33348 of 33355
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Chester Shareholder Meeting - I just returned from the meeting held this morning. Here are my preliminary comments:
I was the only shareholder at the meeting not aligned with the investment banking firm that put the deal together.
The merger is *not* with Signal Energies. Signal dropped out (no pun intended) for undisclosed reasons. The new company is called First Light Resources.
Peter Fisher is a businessman/entrepreneur with First Light Resources.
The phone number in the press release belongs to the investment banker called Pegasus Consulting Group, not Peter Fisher. Mr. Fisher did not know his name and a phone number were included in the press release.
Peter Fisher's partner is a geologist named John H. Sadowski. Both partners are Canadian based.
Both partners appeared to be credible and enthusiastic about what they were doing.
First Light Resources controls an 8000-acre Canadian property in Northern Ontario reported to be rich in gold and diamonds. The property is near Dog Lake. The partners showed certificates of analysis demonstrating signs of the mineral wealth of the property. The partners consider the property to be prime. It is surrounded by major mining developers interested in exploiting the mineral wealth of the area. They report interest from other parties that know the partners control the 8000-acre parcel.
Their plan is to explore the property, package out promising areas to major mining companies, and retain a 10-20% interest.
The partners are seeking an investor relations firm. They appear to be astute in knowing how to present their property and project to investors.
The partners knew little about Ches.
Neither the partners or the Pegasus people had ever heard of Steve Thomas.
Pegasus principal Raymond J. McNamee said the motion to merge and reverse split passed with 70 million or so votes.
The proportion of the new venture to go to Ches shareholders was estimated to be 3-5%.
The projected target price of old adjusted shares is 1-3 cents.
Ray purchased shares on the open market. He referred to a time in the recent past when there was significant share activity.
Steve"
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