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mrwizard283

06/21/05 8:50 AM

#608 RE: jcrom56 #606

The most important guy in all of this is Bryan Greenwood. According to this link: https://www.otcstockinfo.com/repository/652998/652998_FR10.pdf
he owns 73,000 shares himself while his company, Phoenix Performance Enhancement Group, owns 3.84 million shares of the company's stock. That gives them about 40% of the required votes (9.3 million needed) to make this happen. Then only 4.6 million votes out of about 14.4 million are needed. If he voted otherwise, though, then it will be a long haul. I imagine he would have had to have voted in favor of the deal because without him, they would need 9.3 million votes in favor out of only 14.4 million available and that seems like it would be hard to accomplish. They wouldn't have even put it to a public vote in that case. Just my opinion guys. It's kind of early, let me know if I miscalculated anything.