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oh not again

02/02/12 10:00 AM

#12198 RE: AlexI #12197

Im sure Joby is working on this as we speak.... I think IMHO he will view AIMH in a whole new light once he does his CAREFUL DD...:0)
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satelliteguy

02/02/12 10:22 AM

#12202 RE: AlexI #12197

I don't have time to debunk all of this now, but you are posting a convoluted and distorted version of basic corporate law, topped with a large helping of baseless speculation. Here is an oversimplified explanation of how it actually works:

1. The stockholders elect the directors.

2. The Board of Directors appoints the officers, including the President.

3. The officers run the company.

4. Certain significant corporate transactions entered into by the officers on behalf of the corporation require approval by the Board of Directors, and a smaller subset of those transactions require approval by a majority in interest of the stockholders.


"he constructed his own worthless deal to sell AIMH to Marchi and tried to get away from the proceeds"
I would call that nonsense except that I can't quite figure out what it means.