On 6/20/07, Ed Murphy <[EMAIL PROTECTED]> wrote:
root wrote:
>> I disagree with both of you. The sqrt(2) shares that I transferred
>> to you were created by charter-specified methods (IPO or CFO salary);
>> and I didn't just offer them, I flat-out transferred them according
>> to the old section 19.
>
> Yes, I agree with you on that count, but section 19 no longer permits
> me to own them as a non-Shareholder.
Section 19 is broken, in that it attempts to contradict
reality. Neither section 19 nor the issue that created it
did anything to deal directly with shares already in the
possession of non-shareholders.
"Reality" is that Primo Corp shares are fictitious, and none of us own
any. They're defined entirely by section 19, and so if section 19
says I don't have any, then I don't have any.
Its rounding clause doesn't apply to non-shareholders, either.
At least it hasn't caught the "a suffusion of yellow" bug...
Which one was that? I don't recall.
-root
