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CharlesNet

05/07/12 5:25 PM

#65793 RE: lbdave #65792

I don't have access to the Transfer Agent or the Attorney involved with this. I can only assume that the information is coming directly from the Transfer Agent.
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space1230

05/07/12 5:30 PM

#65794 RE: lbdave #65792

Dave, Where is there misinformation? Just because we don't yet know how they will do it doesn't mean it is wrong. Are you aware that StockCharter, as a group, owns some 3+- billion currently? For a "real Indocan," (pardon me, I mean SIDEWINDER MINING), wouldn't you surrender shares for potential profit and a real business? I would if I were in SCG.

I'm 'with you' too with the desire to see better than the JRB sabotage of the past.

RE: "KA to explain the misinformation in the news article"
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iblong2

05/07/12 5:34 PM

#65796 RE: lbdave #65792

I also believe that the PR has some information that is not correct. Ken Ash is not the CEO of IDCN but is currently the custodian. He has agreed, however, to become the new CEO but that will require a majority shareholder vote. Preparation for that vote is being made.

I believe the ~1.5 billion shares to be canceled are shares issued in Wyoming. Since the 2.5 billion shares that Jeff issued to himself were illegal because they were issued at an illegal shareholder meeting. It stands to reason, that any and all shares issued in Wyoming should also be illegal because Jeff did not have the majority votes to increase the A/S. To attempt to cancel those shares, will take further legal action.

As far as initiating a buyback, Ken will have to answer that question. Before that is going to happen, a lot of other business would need to be completed.