Internet Merchants Association – IMA Special Meeting Called – Short Notice

Recently (Sunday - July 6th) information was added to the comments section of our recent article concerning the troubles within the board of directors at the IMA (Internet Merchants Association).  I thought this might be important enough to create a separate post regarding the meeting since it is such short notice. 

We seem to have become the unofficial comments section for many IMA members who disagree with the current leadership.  I do not have a problem with this but will warn that any comments deemed not suitable for public viewing may be removed (Just keep the language clean please).

Since many of the IMA members seem to regard our publication as a safe place to make their thoughts public I wanted to be sure everyone entitled to attend this special meeting could find the information here.

NOTICE OF SPECIAL MEETING OF IMA

This special meeting is called to take place July 6,2008 and
commencing on July 10,2008. Please send this notice to all IMA
members. The meeting will take place at:

http://finance.groups.yahoo.com/group/imembers/

This notice brought to us from agenius-marketing.com

UPDATE:

Additional info found on agenius-marketing.com:

Reason for the meeting:

1. Because the IMA Board is now down to 3 members, we feel the Board
is crippled.
2. We also believe that there has been improper running of the
organization.
3. We need 114 members to login to enact the following rule:

………………..

A. We would like to take a vote on removing the Board and calling for a new election as proposed by others letting the Board run again if they like.

b. We would like to assign a committee of members to find an impartial
review panel for hire using up to $10,000 of the funds from the IMA’s
kitty (currently 78K). The review panel will review our bylaws for
issues and determine what they should say, privacy issues, what is
private and not private and other rules for running the organization
for the members by the members.

————————–

According to the Bylaws we can call this meeting with 114 members are present during it.(see below)

but if fifty percent (50%) of the voting members shall meet at any time and place, either within or without the State, and consent to the holding of a meeting, such meeting shall be valid without cause or notice, and at such meeting, any corporate action may be taken.

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0 Responses to Internet Merchants Association – IMA Special Meeting Called – Short Notice

  1. aGenius July 6, 2008 at 9:03 pm #

    Sorry here is the correction:

    NOTICE OF SPECIAL MEETING OF IMA

    This special meeting is called to take place beginning on July 6,2008 and
    ending on July 10,2008. Please send this notice to all IMA
    members. The meeting will take place at:

    http://finance.groups.yahoo.com/group/imembers/

  2. 1 July 6, 2008 at 11:29 pm #

    FYI Steve, Ben and Cathy, the remaining BOD’s found out about the meeting and immediately voted unanimously to change the bylaws so that this meeting can’t happen over the internet.

  3. (IM)quitting(A)sap July 7, 2008 at 12:06 am #

    Well the Board of Directors this evening voted to alter the IMA’s by-laws after the above meeting was announced. The new by-laws state that any such meeting must be held in person in the state of Flordia — an obvious last-minute attempt by the board to maintain control of the group and bank account they clearly think is their own.

    More than anything that has happened with the IMA to date – this latest move is by far the most serious, most distressing, and the most alarming. I suspect attorneys on all sides will be involved soon. So sad.

    Rest in peace IMA.

  4. Sea July 7, 2008 at 1:22 am #

    The IMA needs you more than ever at this time. Quitting is exactly what the BODs want you to do right now… so your vote won’t count. Hang in there a while longer and help to fix this debacle.

  5. 1 July 7, 2008 at 12:55 pm #

    It’s too bad people are acting like the BODers that left were quitting but really they knew this was going to get ‘legal’ and that scared them as it would anyone. They’d rather be on the right side of the lawsuit. Makes sense to me.

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