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Biotech / Medical : GMXX - GENEMAX CORP
ISON 0.00Dec 31 4:00 PM EST
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To: afrayem onigwecher who started this subject5/21/2004 1:10:27 PM
From: StockDung   of 978
 
ITEM 5. OTHER INFORMATION

On May 10, 2004, the Board of Directors amended and restated the Company's bylaws to remove the provision that the Company's shares of common stock be transferred only within the provisions of "certificate only" or "custody only" and to remove the provision that each director participating in a meeting shall sign the minutes. Based upon the amendment to the bylaws, the Company's shares of common stock may become depository eligible and management anticipates that this will occur. Previously, management had exited the depository system to counteract naked short selling. The board of directors believes it in the best interests of the Company to remove the "certificate only" or "custody only" provisions. A copy of the revised bylaws is attached to the quarterly report as Exhibit 3.1.

secfilings.nasdaq.com
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