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Tuesday, June 12, 2012 2:44:45 PM
1) THE SHARES ARE RESTRICTED FOR AT LEAST SIX MONTHS FROM THE TIME OF THE AMENDMENT 05/01/2012 - RESTRICTED MEANS THEY CAN NOT BE SOLD
2) Preferred's can only only be sold at 1% of what the insider holds EVERY 90 days, and then ONLY WHEN THEY BECOME UNRESTRICTED! They put laws like that in place so companies could not do what you are conjecturing.
3)Jeff could lose the company very easily by giving up his voting rights
4)An Amendment would have to be filed showing the A/S increase once unrestricted.
Now that blows holes in that sinking boat theory about the blah, blah, blah Jeff sold pref's
Do your own DD, consider all my posts my opinion
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