'catman'
I will have to break down your post and answer each question individually.
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Re: I THOUGHT that there had to be a vote my the majority of
the shareholders...
Yes.
Is written in the Nevada Corporate Law, SEC Regulations and the Articles of Incorporation.
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Re: though....my only question at this point
might be. Do the shares we hold have ANY voting authority ?
Yes
The shares we hold have voting authority.
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Re: I guess as long as the "51%" voted unanoumously it is a moot point
Yes.
There is no point on sending out voting ballots when the Board Of Director own over 51% of the outstanding shares.
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Re: but...it sure seems like ALL the VOTING shares SHOULD have
at least had a chance to vote on it ???
I agree with you there! two (2)
But no.
Not when 51% majority of shareholders consent at the Board Meeting to approve the Boards Action.
Relatively, there would be two (2) votes at the same time.
The Board approves the reloution
Immediately after -
51% of the shareholders would vote to approve the resolution.
The only time there needs to be ballots mailed - is when there is no quorum (51% majority) of shareholders agreement at the Board Meeting.
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Re: I PERSONALLY don't have a problem with UC or ANYTHING that
he has done so far but...for the sake of argument, one would
HAVE to agree that there are LOTS of unanswered questions.
I agree.
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Re: As another poster sent to me in a PM..."at this point, I'm
in for the ride, win or lose so the best thing might be to
just >>PUT DOWN THE KEYBOARD STEP AWAY FROM THE COMPUTER !!!<<<
AHAHHAHHAHAHAHHAH
I agree.
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