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Re: LittleCreek1234 post# 19426

Friday, 06/09/2017 11:07:34 AM

Friday, June 09, 2017 11:07:34 AM

Post# of 21090
Preferred shares are tied to regularly scheduled distribution obligations due the holder. If the company can induce holders to convert preferred shares to common, they remove the overhang.

This is a smart move in my opinion as it eliminates future complications.
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