In May , 1998 this company convened extraordinary shareholders' meeting in Vancouver to approve 1 for 10 rollback, issuance of another 20,000,000 shares and name change.Meeting attended by 3 directors, rep from trust company and me. Resolution passed and eventually outstanding shares of 48,000,000 will become 4,800,000 , the name will be changed and the investors' wounds will disappear into the miasma of the past.
I, for one , should hope not!!
I have initiated regulatory investigations questioning the company's disclosure , based upon their releases , and would hope that others might have an interest in this also.
My fax number is 604 731 2789 and I would gladly commiserate with any shareholders who feel that the company's " fall from grace " was precipitous and unexpected. After all, $1.40 to $.02 is pretty steep and does not fall under section 4..(3){iv} of The Dairy Act,Hard Cheese. I do have full documentation to support my contentions.Brgds |
