(Total Views: 241)
Posted On: 09/19/2018 8:57:55 AM
Post# of 40991
You just need to read it as if it were YOU who needed to solve this problem. When I do that, I see this as a 3-steps in a "thought process"...
AS discussed per our attorneys I sent a board Resolution to our TA only to (find we have 3 issues to overcome) learn the following:
1. (To begin with, the changes I want to make CANNOT be done without being in good standing with the Delaware Department of State. In order to do so, yes... first: ) we need to settle with Delaware.
2. (Second: )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. (Oh, and... regarding the "first" point: ) 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.
AS discussed per our attorneys I sent a board Resolution to our TA only to (find we have 3 issues to overcome) learn the following:
1. (To begin with, the changes I want to make CANNOT be done without being in good standing with the Delaware Department of State. In order to do so, yes... first: ) we need to settle with Delaware.
2. (Second: )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. (Oh, and... regarding the "first" point: ) 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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