Replies to post #90155 on Coastal Capital Acquisition Corp (CCAJ)

[gz69]

If CCAJ is an empty shell, then please explain why Tony is having such a massive voting power? He has voting rights equivalent to 50 billion votes.

Why would Tony be still involved with CCAJ if his main business is now decoupled? When not just resign all positions and start another OTCBB firm?

Tony would have much to do to manage his factory than be engaged with silly CCAJ affairs. Obviously Tony still have over-riding powers in CCAJ.

Quote:
Under the terms of the Rescission Agreement, Mr. DiNorcia was issued 5,000,000 shares of Series B Preferred Stock for his service in connection with Coastal Capital's internal investigation and continued service as an officer and director of Coastal Capital. Each one (1) share of Series B entitles Mr. DiNorcia to 10,000 votes on all matters presented to Coastal Capital's common stockholders.