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satelliteguy

02/16/12 6:46 PM

#12753 RE: AlexI #12750

OK, we are getting closer, and the distinction ultimately may not matter. Whether one thinks Marchi has to be "removed" as an officer or director, or simply "proven not to ever have been" an officer or director -- either way, a majority of the legitimate stockholders can vote to send him on his way.

"Then the shareholders will vote in new officers"
Nope. Stockholders elect directors. Directors appoint officers. :)