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dixiecats

04/21/05 9:47 PM

#4169 RE: mathias1 #4160

Wow, we are RELEGATED TO THE ROLE OF MERE OBSERVER just like the article says. I also see where this controversy concerning management having PREFERRED stock comes from, with 30/1 voting rights over common shareholders. The state of Nevada allows majority shareholder both dilution and reverse-splitting privileges without notifying other investors. TOO MUCH... If only we knew 'how many' shareholders there now are, but then we'd have to find out how many 'preferred' shares management has.... What a bummer.... No wonder financials have been held up.... Thanks for the link, Mathias, really appreciate..... dc.... ps. MAYBE THEY 'DO' HAVE TO GIVE US 'ADVANCE' notice of a split, though, like you say; and that in itself, would certainly cause hesitation on the part of majority holder to call for one. Apparently, however, no 'advance notice' of the dilution was ever made, so then again, maybe no advance notice of a r/s has to be made as well......