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temp luvs amy

04/27/10 10:43 AM

#283 RE: db7 #281

That's what I am thinking, as a seller of shells, he should be all over it and gaining big fees, but his site looks more like a discount "off the rack" type of trade. He would only be required to file the 8K to notify shareholders of the significant event of management changes, if any. He could actually hold the office of CEO and still sell all of his shares if the by-laws say he can, and by default, he does, until the new owner holds an election to elect the new directors and choose a CEO.
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temp luvs amy

04/27/10 11:01 AM

#284 RE: db7 #281

I just reviewed meuses Form 4, and he checked the box that says he is still an officer, and typed in that he is still the president. Maybe someone should call him and ask why he hasn't filed anything else? Technically, if he was no longer an officer, the Form 4 didn't need to be filed, which made me re-read it. If he gave up the officer/director posts, his final filing should be a 13D/G.