InvestorsHub Logo

underdog150

11/03/06 4:54 PM

#122884 RE: moneycane #122842

When will the BOD cancel the merger,
and make all their shares unrestricted?
From the 9/29 8-K/A:

each executive officer of FHAL and member of the Board agreed and voted in favor of the Merger and AGREED NOT TO DISPOSE OF ANY SHARES OF COMMON STOCK held by such executive officer or member of the Board prior to the consummation of the Merger. The Voting Agreements will TERMINATE upon the earlier of the consummation of the Merger or the TERMINATION OF THE MERGER.
FHAL and CVSU intend to file an S-4 registration statement / prospectus in connection with the proposed Merger for the registration of the CVSU share pursuant to the Merger agreement. Completion of the Merger is subject to customary closing conditions, including, among other things, (i) absence of any order or INJUNCTION OF; (ii) THE ACCUARCY AND REPRESENTATION OF WARRANTIES OF EACH PARTY; and (iii) COMPLIANCE of EACH PARTY with its covenants.
--------------

I really believe that these scams are set up with a beginning and an end before they are even started. They let Rufus run amuck because it was planned from the start to remove him and cancel the merger and allow the insiders to dump shares.
JMO