Friday, July 01, 2016 4:47:01 PM
Alan: I know you have a different way of viewing the share-count than I do. We can both agree, though, that your decision to turn the vast majority of your common shares into preferred stock which can't be converted back into common stock for the next year is shareholder-friendly. Can you explain why you did this?
Paul: We were receiving an overwhelming amount of emails about the high share count. I felt the figure was flawed because I had no interest in selling any stock any time soon so I converted my common shares into super voting preferred shares while keeping around 10% of my original common position.
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