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John 19-35

09/11/09 11:33 PM

#19952 RE: Derekz #19950

The judge accepted the letter of resignation that Watson had filled out. It was to be used in the event Mr. Smith failed to fulfill his obligations to the agreement. The judge said that Mr. Smith had control of the company but did not do anything so that was a failure to fulfill and removed Watson leaving the board tied up. The judge accepted the letter of resignation that Watson had filled out. It was to be used in the event Mr. Smith failed to fulfill his obligations to the agreement. The judge said that Mr. Smith had control of the company but did not do anything so that was a failure to fulfill and removed Watson leaving the board tied up. Since the board did not have a consensus for requesting a BK it was denied without prejudice.

John 19-35

09/11/09 11:41 PM

#19953 RE: Derekz #19950

'Derekz' Read my last post again I added to it.