SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : TSIS: WHAT IS GOING ON?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: BarbaraT who wrote (5678)3/28/1999 4:23:00 PM
From: gary g  Read Replies (1) of 6931
 
Barbara, correct me if I am wrong, but I do not believe the resolution passed at the last annual meeting gave the stockholders the control in selling or not selling any more of the authorized shares prior to the next annual meeting. I cannot recall exactly but I believe the weasel language leaf that decision up to the Board of Directors. I do not have a copy of the resolution and if you do or if you get one, I would appreciate reading it. Thank you. another point that should be made as it relates to voting shares, one should obtain and study the corporate bylaws, before one starts counting proxy shares of common stock held by others then insiders. I say this because the bylaws may very well protect the Corporation in ways that you may not understand. If the company finds itself in a position that requires cash(which it does not look like at this time)and if the company does not wish to take on additional debt, the wisest thing the company can do, would be to sell additional shares. Don't get me wrong I don't think this is in the cards at this time.in closing I believe if you look at the resolution you'll find that the Board of Directors have the power to sell additional shares, which is one of the reasons that I have suggested that the company put on additional outside directors. Look forward to reading the resolution and possible the corporate by law. Thank you.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News