This is in regards to National Residential Properties (NRES) .. file # C2817-1971 .......
"NRES" issued excess of 1.9 billion shares of stock on the common market when NRES was only registered with the NV Sec of State for 1 million authorized.
Parties of the fraud issue Richard, Pam & Chris Astrom now seek to Amend their wrong doing in BIAS to the "VOTING RIGHTS" of the 1.9 Billion shares the Astroms issued.
Astroms only own 1% of the 1.9 Billion Shares of voting stock they issued in "LEGAL TENDER" to NRES Shareholders who bought in "Good Faith of NV Corporate Law"
Astroms now seek to defraud NV Sec of State of the Legal "VOTING RIGHTS" of the 1.9 Billion legal tender unregistered issued shares of NRES stock .. thru an Amendment the Astroms filed with SEC (PRE-14C filed 3/17/04).
Please correct this fraud & misconduct of the Astroms therefore "NRES" 1.9 billion "Legal Tender Shares" can be "VOTED" to redirect the company in the best regards and respect of NV Corporate Law.
Included is a letter to the SEC in regards to this matter. Also included is web site of "NRES" SEC filings.
In regards to National Residential Properties (NRES) recent *PRE-14C filed (3/17/2004) with the SEC .......
SEC should by "LEGAL TENDER" restore the "VOTING RIGHTS" of the 1.9 Billion issued common shares bought in "Good Faith of NV Corporation Law" & "SEC Regulation" by NRES shareholders of record ......
NRES Shareholders vote should not be held liable for Richard & Chris Astroms "MISCONDUCT & FRAUD REPRESENTATION OF SHAREHOLDERS" when Astroms did not register the 1.9 Billion authorized shares of question with NV Sec of State
Richard Astrom, Pam Astrom & Cris Astrom only own 1% Vote power of the 1.9 Billion outstanding voting stock issued and should not be allowed to represent the shareholders total in a bias vote for the Astroms behave after they knowing knew they issued fraud stock for sale on the common market far beyond Astroms legal voting power. This represents a clear conflict of : "Good Faith in Business Law" & "SEC Regulations"
In regards to the *Pre-14C filed (3/17/04) by NRES .. Richard & Pam Astrom have no legal right to issue 200 million shares of Class A (20 to 1) voting stock to their son Chris Astrom when in regards to this claim he was originally only issued 1 million shares of Class A Stock of past record. Astroms claim value depreciation of 1 Million shares issued their son Chris yet in "BIAS TO SHAREHOLDERS" of record Astroms file with the SEC to issue Chris Astrom 200 for 1 share and "Do Not" issue 200 for 1 shares to the 1.9 Billion common shares held of record in regards to value depreciation.
PLEASE RESTORE THE LEGAL "VOTING RIGHTS" of the 1.9 Billion National Residential Properties shares held of record.
THEREFORE THE LEGAL VOTING % SHAREHOLDER CAN COME FORWARD TO REPRESENT THE NRES SHAREHOLDERS WITH BEST REGARDS TO NV CORPORATE LAWS and SEC REGULATIONS.
Yours Truly,
XXXXXXX X XXXXXXXX
At the time of its incorporation, the Company had 1 million shares of its common stock authorized. Since that time, the Company believed it had effected the 1994 Stock Split, the 1999 Reverse Stock Split, the 40 Million Share Increase, the 250 Million Share Increase, the 750 Million Share Increase and the 1.5 Billion Share Increase. These changes in capital structure appear to have not been validly adopted by the Company's board of directors, approved by the Company's shareholders or filed with the Secretary of State of the State of Nevada, as required by the laws of the State of Nevada. The Company may have violated the federal proxy rules by either (i) not obtaining the requisite shareholder approval to effect these changes or (ii) not providing shareholders with an Information Statement on Schedule 14C. As such, it appears the Company has only 1 million shares of NRES Common Stock authorized. Until the Company's board of directors and shareholders cure and ratify the overissuances of stock, the 40 Million Share Increase, the 250 Million Share Increase, the 750 Million Share Increase and the 1.5 Billion Share Increase and comply with the federal proxy rules in doing so by properly obtaining shareholder approval, the Company may be liable to the holders of the NRES Common Stock issued in excess of the authorized amount. The Company still may be subject to an enforcement action for possible violations of this and other provisions of the federal securities laws.
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