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 : SHOW (NASDAQ-regular)----Showscan Entertainment -- Ignore unavailable to you. Want to Upgrade?

To: W.F. Schwertley who wrote (56)	7/22/1998 7:21:00 AM
From: H-Man	Read Replies (1) \| Respond to of 95

I have been involved with two companies that RS, GLCP (now d) and SCTI. GLCP shareholder voted for, SCTI failed to achieve a quorum on the first vote so it was not passed. I have not followed either of them since, as I was out so fast that greased lightning would have missed me. I would also question the ownership %, as the number of authorized shares may remain the same, as did GLCP, whose intent was to issue more shares. I suppose that It might depend on the charter of the corporation but I would be real surprised if any RS did not require shareholder approval since it has such a dramtic impact to shareholder value (usually huge loss). In any case, it would require filing with the SEC from a reporting company. Look up Greenland Corp at SEC.gov, you can see an example of such a filing. Some time in May I believe.