THNS - Technest Holdings (Prev. FNTN) Message Board

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Microcap & Penny Stocks : THNS - Technest Holdings (Prev. FNTN)

THNS 0.00

Jun 7 5:00 PM EST

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To: Frederick Langford who wrote (4264)	8/24/1998 2:55:00 PM
From: Speedster	Read Replies (5) of 15313

Fla. Stat. 607.10025 seems to cover shares. The BOD can amend the articles without shareholder approval on combination or division of shares. So splitting or reverse splitting needs no shareholder approval. However, if as a result of the amendment, the rights or preferences of the shareholders are adversely affected or the percentage of authorized shares remaining unissued after the share division or combination will exceed the percentage or authorized shares that was unissued before the division or combination--then shareholder approval is necessary for amending the authorized shares under the articles. Is it incorporated in Florida or was that a certificate of authority to conduct business in Florida?? Hope this helps.

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