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cintrix

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cintrix

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Re: ottoman post# 281937

Tuesday, 12/30/2014 3:23:58 PM

Tuesday, December 30, 2014 3:23:58 PM

Post# of 316371
Shortly before putting the company into bankruptcy, Tengion officials tried to convince shareholders to allow them to double the number of common stock shares to 20 million--a move that would have enabled the company to pay debt using common stock shares and to raise additional money, the Winston-Salem Journal reported.
Shareholders voted against that move on Dec. 22 , according to a U.S. Securities and Exchange Commission filing.

They'd rather see it go bk and have the shares cancelled?
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