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paytheask

04/18/14 11:44 AM

#25629 RE: DannyD #25627

I believe just because he went to NY doesn't mean he can increase the shares he could STILL increase the authorized shares. He still has control and board approval could allow him to dilute again. It is just one additional step. Not saying this is his plan, and it better not be. But never say never. A public company can do almost anything and get away with it....ALWAYS.

WhatsCookin

04/18/14 12:01 PM

#25637 RE: DannyD #25627

Excellent point DannyD...I hadn't even thought of that angle, and it's really important from the standpoint of securing a contingency arrangement with an attorney. A stock trading in the multi-pennies will definitely be seen as a legitimate piece of cash to an attorney, should we need to go that route.

I agree with you though, that the NY move and ITAR compliance has me convinced no legal action is going to be necessary. But if it should come to that, we hold the four aces this time, if you get my drift, and three or four of us can start the ball rolling almost immediately.