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Microcap & Penny Stocks : AMERICAN BIOMED, Minimally Invasive Technology (ABMI) -- Ignore unavailable to you. Want to Upgrade?

To: Jeffrey L. Henken who wrote (1498)	7/22/1998 1:08:00 PM
From: dollarone	Read Replies (1) \| Respond to of 2887

Jeff, according to the Company's filings, unless recently changed, ABMI is registered under the laws of the state of Nevada. It is the state law that determines shareholder voting requirements. According to Nevada Revised Statutes NRS 78.207, and in very general terms because I am not a lawyer, I believe shares can be increased or decreased by a resolution of the Board of Directors unless specified differently in a company's Articles of Incorporation. I don't know what it says in ABMI's Articles of Incorporation, but a reverse split seems to be a pretty important issue with you. You might ask Rash for a copy of the Articles and consult an attorney for a valid legal opinion. Or you may find the Articles on the internet as an exhibit to a filing.

To: Jeffrey L. Henken who wrote (1498)	7/22/1998 6:48:00 PM
From: dollarone	Read Replies (1) \| Respond to of 2887

Jeff, I was putting my files away and realized I incorrectly stated that ABMI's state of incorporation was Nevada. It is a Delaware corporation but I was doing some research on a Nevada company and had Nevada on my mind. In any case, I believe shareholder voting requirements are determined by the state in which a company is incorporated and a split is not always put to the vote of shareholders. I can't recall how this subject came up and I have not seen an announcement by ABMI about it so as you suggest its very likely a moot point.