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honest ed

05/31/06 1:38 PM

#8329 RE: RonnieD #8325

Couldn't agree more RonnieD ! It seems some shareholders (180 million share stakeholders) are more important than others (us).
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ekythump

05/31/06 1:39 PM

#8330 RE: RonnieD #8325

RonnieD, for somebody who has made so many posts on this board, you appear to have a remarkably limited knowledge of this company.

Nobody is going to sell their restricted shares. This is a non-issue. If you understood how reverse mergers work, you would know this.

Why would you expect a email notification for voting on the buyout/merger? Why would you, if there is a single, majority shareholder?
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Valis

05/31/06 1:41 PM

#8331 RE: RonnieD #8325

Parkin indicated the NDOL board members shares were restricted until October, using words other than "tommorow" :)
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NDOLStrong

05/31/06 1:44 PM

#8335 RE: RonnieD #8325

Last point is a strong one for being mislead by the PRS. When the stock started to tank after the announcement of the merger, Parkin said, if is not better than $2.17 we will accept the buyout, and that indeed it would be voted on.

Of course if the majority shareholder's agree then it does matter what the 10% float thinks. Of course a disciplined investor would have caught that. I thought this was misleading.

I would love to understand the motivation for it. Money changed hands. Much went out of my bank.