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Microcap & Penny Stocks : AETTQ - Alliance Entertainment - Largest Music Distributor
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To: pcyhuang who wrote (130)4/2/1998 10:12:00 AM
From: pcyhuang  Read Replies (2) of 169
 
Hi,

Would someone please explain, how in terms of the rules of
corporate governance in building shareholders' value, Mr.
Weissman of AETTQ could simply cancel one class of stock
and create another, yet the same corporation continues to
exist.

Others have mentioned that certain share certificates
have become wall paper, but those are the cases of companies
which have ceased to exist.

Who in a corporation with continued existence has the
authority to authorize the cancellation of the interest
of its shareholders? This is absolutely against the
precept of "building shareholders' value" of good corporate
governance.

pcyh
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