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PsD

12/06/11 10:09 AM

#3052 RE: koaman #3051

I fully agree with you. This company has bought millions of shares from
shareholders at an average price of .20 for the past year. They claimed
at the time, that the shares were greatly undervalued and I agree with that
statement. The true value is over .50 to $1.00 depending on how you look
at it.

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magicatlast

12/06/11 10:27 AM

#3053 RE: koaman #3051

Thanks, but I find nothing in the proxy statment, etc, that states a price that will be paid for the fractional shares, nor the actual date of the meeting, record date, etc.

This just sucks, big time. Drive the price down to nothing, convert debt to shares to gain 70% control, then force out the small shareholders at a fraction of the FMV. Guess I should be filing a formal complaint with the SEC, with a copy to the numerous law firms that specialize in minority shareholder litigation.

Magic