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Friday, 07/01/2016 4:47:01 PM

Friday, July 01, 2016 4:47:01 PM

Post# of 112654
The following is excerpt from the interview Paul did with AB. Notice Paul states he had not interest in selling his commons so that is why he converted them and LOCKED them up. He has not re-locked his shares as he committed to doing in a recent letter to shareholders. This may indicate he has near term plans for them. Of course he isn't going to signal that. That would be stupid as the PPS would plummet. This is just one more red flag. They can tell you they have not plans and are covered under safe harbor if they have plans in motion. Just sayin. Lock those shares back up, Paul.

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.