CCEE Breaking Out Message Board

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Microcap & Penny Stocks : CCEE Breaking Out

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To: Sean Reilly who wrote (7541)	10/31/1997 11:38:00 AM
From: Rick	Read Replies (1) of 12454

Sean, If All 15 proposals are defeated it will FORCE them to have a shareholders meeting early in 1998.The reason I say that is because there will be a financial crisis if SOMETHING isn't done. They might be able to make it to March 1998 on the remaining shares left to issue. That would give the shareholders time to get good representation and put together a set of shareholder proposals that might save the company and get rid of the existing board members. The present proxy is what might be called the MM full employment act, coupled with the dynasty insurance act, coupled with the write whatever rules they like act (the preferred stock proposal). The real life recognition that must be faced is this: if the proxy proposals pass you authorize them to continue playing the debenture/conversion game for eternity. If the proposals fail the company runs out of money and the whole game ends up in BR within 3-6 months. It is GRIM. BTW: GG may very well work for the company. Think about it.

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