Global Intellicom--Symbol GBIT Message Board

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Microcap & Penny Stocks : Global Intellicom--Symbol GBIT

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To: Michael Graham who wrote (977)	10/22/1998 10:40:00 PM
From: David E. Meyer	Read Replies (2) of 1096

Isn't it nice that the NASDAQ panel is looking after the shareholder. "The panel felt that, because there is a possibility that conversion of certain convertible preferred stock would be at a price resulting in shareholder dilution, the Nasdaq's new corporate governance rule requiring shareholder approval has not been observed. The Company, however, advised Nasdaq that a shareholders' meeting to vote on the matter will occur." If this is the reason, I believe the class action suit should be against the panel. By going through with the delisting the "PANEL" has made we will never be over $1. Even if delisting is reversed the damage has been done. WE THE SHAREHOLDERS ARE THE LOSERS. Dave

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