Replies to post #19142 on AimRite Holdings Corp (AIMH)

[king oil]

another measure? what other measures have been taken?

[Debbie777]

Marchi didn't create the preferred shares. The preferred shares were created way before he hijacked the company. I don't think the Nevada filings eliminated them either. The Nevada overview still shows 100M (common) and 50M (preferred). I think the Nevada filings have just been eliminating the 3 designations for those shares. I'm providing 3 links/quotes here to state my case! LOL

Here's a link to the Nevada overview.

http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=ace%252by9w0XSxcXPxi0mwQxw%253d%253d&nt7=0

If you look at the amendment to the Articles they did back in 1999... there were 50M preferred shares which were broke down into 3 designations (A, B and C). The old SEC filings did a pretty good job of tracking the preferred too (who they were issued and when the bulk of them were converted to common shares). One of the last filings showed they were down to 73,000 shares issued and who had them (see below). I'm guessing they have also been converted to common by now (they had one year to do so).

http://www.sec.gov/Archives/edgar/data/1087789/000108417801500020/aimh3-1c.txt

2. ARTICLE FOURTH is amended to read as follows:

FOURTH: Capital Stock

1. Classes and Number of Shares The total number of shares of all classes of stock which the Corporation shall have authority to issue is One Hundred Fifty Million (150,000,000) consisting of One Hundred Million (100,000,000) shares of common stock, par value of $0.001 per share (the "Common Stock") and Fifty Million (50,000,000) shares of the Preferred Stock which have a par value of $0.001 per share (the "Preferred Stock") consisting of into One Million (1,000,000) shares Series A (the "Series A Preferred Stock"), Two Million (2,000,000) shares (The "Series B Preferred Stock") and Forty Seven Million (47,000,000) shares Series C (The "Series C Preferred Stock").

http://www.sec.gov/Archives/edgar/data/1087789/000101968701501221/aimrite_10k-123100.txt

From Item 11:

Beneficial Ownership of Preferred Stock:
Preferred Independent Marketing 38,000 52.05%
(Series B) Associates Ltd
Mr. Lewis Rowe
P.O. Box 1561 GT
Zephyr House
Mary Street
Grand Cayman Islands
British West Indies
Preferred Dawn Coslett/Terry Demuth 10,000 13.70%
(Series B)
Preferred Richard & Lynn Escajeda 25,000 34.25%
(Series B)