Posted On: 04/19/2014 11:25:18 PM
Post# of 36729
Re: All In 4 Me #31617
Henry Jan, CEO of iequity, may be the proverbial paper tiger in more ways than one. HJ is probably a good poker player because he's been running a bluff since March 2013. Just holding 5m authorized unissued preferred doesn't give iequity any voting power or control of SKTO. Each SK fin and disclosure published since March 2013 states, in effect, that iequity corp's 60% control of SK is 'coming soon.'
But it never happens.
Repeated postponements of the filing of CD in Delaware and the issuance of the preferred are the norm. However, that could avail common shareholders a window of opportunity to join forces in a stockholder action to force transparency (e.g., ungagging T/A) and changes in management.
I hope to be talking to a knowledgeable business executive this coming week about such possibilities as might exist under Title 8 of DE code. As a favor, he had looked into iequity corp and as he put it, "found more questions than answers."
But it never happens.
Repeated postponements of the filing of CD in Delaware and the issuance of the preferred are the norm. However, that could avail common shareholders a window of opportunity to join forces in a stockholder action to force transparency (e.g., ungagging T/A) and changes in management.
I hope to be talking to a knowledgeable business executive this coming week about such possibilities as might exist under Title 8 of DE code. As a favor, he had looked into iequity corp and as he put it, "found more questions than answers."
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