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WFTV-CAPTNEMO CALLED ON THIS ONE
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[QUOTE]Originally posted by USF11: [QB] [QUOTE]Originally posted by Original_Cashmaker: [qb] Well if the A/S was raised without shareholder approval Alex has breached his fiduciary duties to the shareholders, and we could all sue him for that breach. It doesn't matter whether it is a publically traded company or private, amex, nasdaq, nyse, or otcbb, all directors and officers owe fiduciary duties to their shareholders. It may be possible, that Alex and Gang control enough shares to raise the a/s (in their shareholder capacities, not directors) but I doubt this. Even so, as a director and officer he still owes us many things; namely, the duty of loyalty and diligence. If he is diluting the shares it must be for some reason, other than to make his own investment worth less--what sense would that make. [/qb][/QUOTE]This is pennyland and theres usually a long line to sue companies. A pinksheet company can do whatever they want. Thats the risk you take. [/QB][/QUOTE]
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