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[QUOTE]Originally posted by elitedb: [QB] [QUOTE]Originally posted by BuyTex: [qb] Also got a link to the Florida statutes; the board of directors CAN adjust par value, a/s, etc w/o shareholder involvment... 607.10025 Shares; combination or division http://www.leg.state.fl.us/statutes/index.cfm?mode=View%20Statutes&SubMenu=1&App_mode=Display_Statute&Search_String=&URL=CH0607/Sec10025.HTM [/qb][/QUOTE]I can see the defense here already. This statute only applies to corporations with more than 35 shareholders (section 8). They will claim with only 11 shares of stock outstanding they had less than the operative number of shreholders. Makes their PR and backdating still look very suspicious. [/QB][/QUOTE]
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