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Message: From Deleware Legal Info Site

From Deleware Legal Info Site

posted on Apr 26, 2010 05:00PM

< After a corporation has received any payment for any of its stock, the power to adopt, amend or repeal bylaws shall be in the stockholders entitled to vote>

So unless the bylaws already contain some loophole wherby shareholders could exert some power over the BOD, it would take a proxy battle to change the bylaws. Corrections welcomed.

I do not believe a war chest or attorney is required to obtain access to PTSC's Corporate by laws and determine what the bylaws currently allow. Perhaps already been done?

Opty

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