Replies to post #14327 on Sierra Resource Group Inc. (fka SIRG)

[$b_rich$]

I hate to tell you...but I've been involved as a shareholder on reporting companies as well...1 in particular wanted to do a R/S, but couldn't get the shareholder vote to do this(they got greedy and sold most of the shares and didn't have the voting power). I "thought" it would require another vote to increase...but that's not so. So instead of a R/S...they did an increase. Guess what happened after that? They did a R/S because they had the voting power, LOL!


If you'd like an example, please send me a pm:) I'll be happy to give you the ticker.

[Actuate]

Page 6 paragraph 4 of the annual 10-K.

Article IV Section 8 of the Bylaws is hereby amended to read as follows: “The holders of ten (10%) percent of the shares entitled to vote at any meeting of stockholders, present in person or represented by proxy, shall constitute a quorum for the transaction of any business at any such meeting, provided that when a specified item of business is required to be voted on by a class or series (if the corporation shall then have outstanding shares of more than one class or series) voting as a class, the holders of ten (10%) percent of the shares of such class or series shall constitute a quorum (as to such class or series) for the transaction of such item of business.

http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8681062