The only way on paper right now that Yucatan gained controlling interest is through the forced revaluations of the 1.7+mil purchase in 1999. Art said that Darrell said that that deal had expired, then somewhat backtracked and said that the Voting proxy expired in 2002. The deal called for 2 revaluations in 2001 and again in 2003. At worst Yucatan gained 150mil plus unreg shares in 2001 that would have gained them "controlling interest." At best the 2003 revaluation lived beyond the Voting proxy expiration and would have called for 1+bill unreg shares. 144 rules would have expired in 2005 at the latest, so I believe they would be free trading-- which is why I believe this BHUB/TELA deal looks nore like the $$.
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