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Non-Tech : The Children's Beverage Group (TCBG)
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To: lib who wrote (2373)3/18/1999 5:48:00 PM
From: AC Flyer  Read Replies (2) of 2452
 
You'll never see audited financials from TCBG....

...because it's not in Jon Darmstadter's best interest for TCBG to be a reporting company.

Remember, Jon has an absolute majority of the voting stock through his holding of 1 million shares of preferred stock, which each carry 20 votes, plus his common stock holdings. As such, TCBG is his personal ATM machine. He can vote himself raises, bonuses, special stock dividends, you name it.

I would be very happy to be proven wrong, but doubt very much that I will be.
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