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Message: Re: Frank/Settlement vs Royalties doni Coyote..Frank..poiso... pill
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Sep 09, 2008 07:21AM

Sep 09, 2008 07:33AM
1
Sep 09, 2008 07:51AM

I was told by RP that EDig controlled enough stock to be able to pass anything it wanted WITHOUT ONE PROXY BEING COUNTED. I do believe if true that is a lot more control than what you have listed...

I think you must have misunderstood RP.

The data I provided to you is available only in the SEC documents.

It clearly documents all outstanding shares and the management and directors in total own a small percent.

Polis, the largest shareholder has approx 25 million, in the 10% range.

They may have a poison pill capability, perhaps a "shareholder rights" which allows the current shareholders thw right to purchase new shares diluting the bidder percent of the total.

Other avenues are also available.

I suggest you go back to RP ask clarify what strategy they would employ and what exactly he told you about their ability to control the stock even without any proxies.

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