This is the thread about the shareholders meeting, not board-meeting as I originally stated.
http://www.accringtonweb.com/forum/f...ers-51303.html
Amongst other things, it has been stated that DO'N has the 51%, but it is unclear whether he has paid for them or not. The issue with EW's loans is why the transfer has not been formalised. My understanding is that as DO'N was majority share holder at the time, (whether he still is, is unclear) and voted for the share issue.
Other bits and pieces picked up over the last few months, has led me to believe that my earlier post is the most accurate, understanding of the situation.
I also agree with Jeff that there is nothing to worry about.