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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services -- Ignore unavailable to you. Want to Upgrade?

To: John Fairbanks who wrote (10239)4/2/1998 5:23:00 PM
From: Brad  Read Replies (2) | Respond to of 27968
 
John, I believe FAMH can call a special shareholder meeting with just the insiders because they have controlling interest. That meeting could take place in about 30 seconds!

ATXI can do the same thing as long as they have the necessary shares represented.

At least that's how I have seen these things happen before.

Of course, the specifics are outlined in the corporate bylaws, but that kind of stuff is usually pretty standard.

Best wishes,
Brad



To: John Fairbanks who wrote (10239)4/2/1998 7:05:00 PM
From: Steve1  Read Replies (1) | Respond to of 27968
 
John:

I think you're 100% correct. They probably got paid in stock for their services. After a reverse split AXTI couldn't have had a lot of cash.

Steve


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