OCR Text |
Show more assured than where the manufacture manufac-ture and market of the invention has to bo arranged. nounced policy of not allowing more than 40 per cent of the stock of a company to be issued to the promoters of an invention inven-tion as to permit control of the company remaining with the representatives of the inventor in case the invention is already being marketed and a showing of profit is made. It was agreed that in this case fhe result of the development work is SALE OF STOCK IS REFUSED ON REPORT Application of the Canyon Comedy company of Ogden for permission to sell 5000 shares of Its stock, par value SI, was denied on the report of the secretary of the commission, Gordon Snow, that four manuscripts for comedy films were turned in by J. C. Robinson, principal promoter of the company, for $10,000 in etork, and on the further showing that the stock was to be issued to obtain money to pay such current expenses as salaries of the company's com-pany's officers. The commission so far amended Us an- |