(Total Views: 227)
Posted On: 09/19/2018 8:13:14 AM
Post# of 40991
Re: reindeer830 #17897
Maybe a stupid questions but in rereading the shareholder letter again..
Why does Steve say there are 3 issues left with share reduction? Aren't items 1. and 3. below the same item??
AS discussed per our attorneys I sent a board Resolution to our TA only to find we have 3 issues to overcome:
1. we need to settle with Delaware.
2. we have 2 share reservation letters one from 2015 and one from 2014. Both of these companies hold no shares but we have to get revision letters from them to remove the reservations. I have reached out to both companies and was hoping to hear back by today.
3. I have made an offer to Delaware to reduce the amount and we believe they will accept. Once these 3 items are complete the share reduction will take place.
Why does Steve say there are 3 issues left with share reduction? Aren't items 1. and 3. below the same item??
AS discussed per our attorneys I sent a board Resolution to our TA only to find we have 3 issues to overcome:
1. we need to settle with Delaware.
2. we have 2 share reservation letters one from 2015 and one from 2014. Both of these companies hold no shares but we have to get revision letters from them to remove the reservations. I have reached out to both companies and was hoping to hear back by today.
3. I have made an offer to Delaware to reduce the amount and we believe they will accept. Once these 3 items are complete the share reduction will take place.
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