Global 8 Environmental Technologies Inc GBLE

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An Oct 7 Shareholder's Meeting?

Will Global 8 have a shareholder's meeting on October 7? Milverton Capital has sent out a "Notice of Meeting", but there are many irregularities.

Neither Milverton or supporters of the current Board have filed a proxy. Company Bylaw 2.5 states this should be sent out at least 30 days before the meeting, but that deadline has long passed. There are only sixteen days left until the proposed meeting.

Some shareholders, who own street shares rather than private placement shares, have only just received their copies of the notice.

Then there is the question of candidates. Milverton does not list any candidates in that notice. Under normal circumstances, SEC regulations stipulate that you cannot hold a meeting

Are we to assume that Milverton is running the same slate that is mentioned in their many preliminary proxies? The BC Securities Commission's five day hearing into Don Dyer's allegedly illegal stock sales is expected to conclude on October 7. Thus it is conceiveable that Dyer could be both elected and barred from serving on the same day. While no such impediment hinders Milverton's other candidates, there has been no confirmation that anyone in that list is still running.

Tad Simmons spoke with someone from Broadridge, who Milverton used to distribute it notice. Simmons was told that they noticed the irregularities in that notice, which was sent out for "information only". Simmons was also told that the date of record was not August 19, as stated in the notice, but August 25.

Despite the irregularities, both sides are now preparing for a shareholder's meeting and more items should soon appear on the SEC site.

From every indication we can see, the current Board would probably win a majority in a fair election.