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To: A Navy Vet

"Gilchrist claims to be the only Board member of MMP which is incorporated in Delaware. IIRC, that is permissable according to Delaware corporate law, as it is in California. If so, why would a trial be even considered by a judge?
According to Gilchrist, he appointed the (3) claiments to an advisory position, only. Those positions hold no corporate authority. He is either lying or the claiments are using some obscure law regarding their advisory position."

It will take a simple review of the Articles of Incorporation, and Board of Directors meeting minutes to settle this.

Gilchrist is a CPA, so he should fully understand this stuff. Even if he is the sole board member, there are minutes, prepared by the corporate Secretary. Right, responsibilities of these parties would be found in written documents.

The judge could have quickly reviewed these. If Gilchrist is worth his salt as a manager, he would have marched into court and handed these documents up to the Clerk.

Similarly, these three claimants should have copies of the same documents. In any event, the Minutemen should get better management to be taken seriously, or to expect decent funding.


13 posted on 03/22/2007 11:14:52 PM PDT by truth_seeker
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To: truth_seeker
"It will take a simple review of the Articles of Incorporation, and Board of Directors meeting minutes to settle this. Gilchrist is a CPA, so he should fully understand this stuff."

"Even if he is the sole board member, there are minutes, prepared by the corporate Secretary. Right, responsibilities of these parties would be found in written documents."

CPA notwithstanding, your second paragraph brings up the matter if corporate meetings were actually held (which often doesn't happen with 1 or 2 or 3 directors), AND were the minutes actually transcribed into the corporate book if said meetings occured, even if by casual discussion in a small group.

"The judge could have quickly reviewed these. If Gilchrist is worth his salt as a manager, he would have marched into court and handed these documents up to the Clerk."

That's what I would have had my attorney do, immediately. I've been the chair of [3] corporations - I know how it works. That's why I am questioning Gilchrist. Like I said above, unless Delaware has some obscure law regarding "advisory commitees", this should be a slam dunk. I'm starting to wonder...and that's a shame since I supported his original MM efforts. I've since pulled back because of all the in-fighting amongst all the illegal-activist groups.

20 posted on 03/22/2007 11:36:31 PM PDT by A Navy Vet (In perpetuum sacramentum)
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