9. Did all those stockholders meet to choose an administrator?

No, the Mexican group had majority, 10.4 versus 10. An Executive Committee was formed with the presence of foreign partners, two weeks before we had a big discussion and we almost did not come to an agreement on how to set majority.  Fortunately everything was decided by consensus.

But what we agreed and accepted was that I would chair the executive committee on the Mexican side, that if the executive committee did not reach an agreement the two of them and myself would meet to discuss resolutions whenever differences arose.  However, it was always done by consensus; no meeting was ever held and this is how we solved the issue.




<<back next>>

Official Site. Copyright © 2015.