I am saying, what seems clear to you and I, may not be the case according to law!
anti, what I am saying to you is quite simple. This is not a matter of business but rather a matter of ownership of property.
Just as a single dollar bill has the exact rights and monetary value as any other dollar bill, so too does the exact same principle apply to shares of common stock of the same class.
As I wrote to bgtit (never responded to):
It is true that those who control the majority of the stock, control the board and management. If they choose to run the company as their private piggy bank they can do so to the detriment of the minority shareholders. They can pay themselves outrageous and undeserved salaries, have the company pick up their expenses, sell the company's assets to themselves (at least in Nevada) at firesale prices, grant themselves stock options, etc. However, they CANNOT change the underlying legal rights associated with a share of common stock based upon who owns it.
To be absolutely clear, if insiders hold the same class of stock that
non-insiders hold, and the insiders wish to convert their shares to some other instrument, then ALL shareholders of that class either must convert or at least be given the option to convert. #reply-5794964
I will not belabor the thread with my qualifications. Suffice to say, if shareholders challenge this, the Board and mgt of AZNT will get stomped.
ww
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