Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : CSHK CASHCO MANAGEMENT Y2K -- Ignore unavailable to you. Want to Upgrade?

To: Janice Shell who wrote (2169)	5/13/1998 10:44:00 AM
From: CatLady	Read Replies (1) \| Respond to of 7491

Janice, I suspect that the answer we'll get is that they knew Merced's lawyer was working on the paperwork for incorporation. If there was any intent to deceive, it's more likely that it was on Merced's part, rather than on CSHK's part, in my opinion. I'm more interested right now in trying to get a handle on what valuation for CSHK might be justified. I'm still trying to sort out the issues on that a little better before I post.

To: Janice Shell who wrote (2169)	5/13/1998 11:10:00 AM
From: jhild	Respond to of 7491

Inre to 11th Hour, let me be quick to clarify here that it seems that only 1.5M of the 100M preferred seem to be set aside as the Class A Convertible shares. Their conversion may be exercised 45 days after issue and for up to 3 years there after. But further down in that document in article XI, it seems that: The corporation reserves the right to amend or repeal any provisions contained in these Articles of Incorporation, or any amendment hereto, and any right conferred on the shareholders is subject to this reservation. Wow. What is this the Indian giver clause? Also it seems that there is only one member of the board of directors designated originally. Ought to be easy to call a meeting I'm guessing. So in effect, who knows where any of this stands if it can constantly be subject to revision by the 1 member board of directors. Conveniently the corporation indemnifies all directors and officers. Makes me curious now about the Articles of Incorporation of the mother ship.