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frogdreaming

03/13/05 11:36 AM

#22577 RE: gunnabeoneday #22573

gunnabe,

with the 50%+ shares, dutchess isn't automatically awarded control of the BOD and the company, are they?

The BOD are elected by the shareholders on a one share one vote basis. Owning more than 50% of the shares (votes) guarantees you the Board of Directors of your choice.

frog