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To: TraderGreg who wrote (466)6/30/1998 10:46:00 PM
From: jmt  Read Replies (1) | Respond to of 2493
 
>>>The reverse, on the otherhand, can be voted on by the Board and unless the shareholders demand a proxy vote, it becomes a fait accompli. After the reverse, a company can start oozing shares out.<<<

This is against the intent of the law to let shareholders control the vote of shares. A book I reviewed tonight even stated in some state charters new shares have to first be offered to current share prior to issue to public.

I know you are confident of you position. But is it based on your experience or the law? If it is the law, lets find the SEC pronouncement. until then, I am not convinced.

jmt



To: TraderGreg who wrote (466)7/1/1998 12:10:00 AM
From: Debra&Jeff  Read Replies (2) | Respond to of 2493
 
A final word. To those of you who are still ticked off at Lakers, ask yourselves how you would feel if the number of shares that you owned two years ago

Normaly I agree with or at least respect your posts. As for this issue I ask a question. Where did this two years begin? Is it from here or two years from his 12/97 post #2 on Yahoo? If the latter is true I believe he had at least a double out and got greedy. If we were to coddle each of us who has made this mistake, this thread would be totally useless. I empathize with all those who have lost money. Most of us were not given the same opportunity!

All respect intended, lets get back to the verified and solid information we have come to expect.

IMHO, Jeff