stanu never found the ngmc annual meeting. They had it at MGM but didn't register the meeting, just rented a room and probably used it for an insider's fun weekend. I sold ngmc eventually because of their refusal to acknowledge that the bad note receivable had to be charged off. They were hiding it. They finally charged off part of it but still are holding part of it as an asset. Growth has been tough even though they have tried to juice up sales staff. Need new franchise sales to make profits.
Stan you said " I can't believe such a small company have 800 shareholders (listed in 2 years ago 10K)compare to 300 MDF shareholders"
You have a lot to learn...... Those are meaningless numbers. Most shares are held in street name by your broker and don't count towards the number. You would need to have the lists from the transfer agent to get a handle on the true shareholder count. And even then it would not be totally accurate as you can opt to have your broker block your account from appearing on the list. Although I am not sure if it would still show up as an anonymous shareholder.
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