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beam11

10/11/08 11:54 AM

#149468 RE: jonesieatl #149461

I would like to throw this in for consideration -

At the present time, with the pps at or around .003, each share of stock granted as an option results in a book entered loss at .007 x the number of shares purchased or granted as an option. If par is changed to below the average pps, that loss will disappear on NEOM's books.

Some of the questions to be answered by the charter - does the granting of 1 share of stock, options, warrants etc, reduce the actual share count/control of the party receiving the stock options at the current pps of .30, if par is .01 To restate - is that option transferred actually less than 1/3 of 1 share?

There are tons of sticky stuff in the articles of inc., as I recall. But you don't remember the facts and I don't either and you need to be reminded of all the issues which are in the articles of inc.

I don't know and you don't know and you will never know until you secure a copy of the articles of inc.

I have said this previously - You won't know what you are fighting until you secure a copy of NEOM's articles of incorporation.

Reducing par value, could result in changing some other important aspects and issues of NEOM's State charter.

You should try to locate the articles of inc., on this board on or around March to May 2005 or 2006. On this board, we reviewed it and extensively discussed the "poison pill" take over issue of NEOM's articles of inc.

Happy hunting.

Beam11