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EQ, is this the part of the 8k that you are looking for? I'm not a securities lawyer, but I think I see where you are headed.
4. CONVERSION OF SERIES A PREFERRED STOCK.
(a) Conversion Option. At any time after the two year anniversary from the initial Issuance Date, the holders shall have the right, only at the written consent of a majority of the outstanding shares of Series A Preferred Stock, to convert all (but not less than all) of the shares of Series A Preferred Stock into shares of the Company’s common stock (the “Common Stock”) in an amount of shares of Common Stock equal to 100% of the then outstanding shares of Common Stock outstanding at the time of such conversion (the “Conversion Date”).
(b) Mechanics of Conversion. If the holders elect to convert the Series A Preferred Stock, they shall deliver thirty (30) days’ written notice thereof via facsimile and overnight courier (“Notice of Conversion”) to the Company, which Notice of Conversion shall indicate (i) the number of shares of Series A Preferred Stock that the holder is electing to convert or is required to convert (which shall not be less than all of the outstanding shares of Series A Preferred Stock), (ii) the Conversion Date under Section 4(a) above, and (iii) the manner and the place designated for the surrender of the certificate or certificates representing the shares to be converted.
5. VOTE TO CHANGE THE TERMS OF THE SERIES A PREFERRED STOCK. Without the prior written consent of the holders of not less than two-thirds (2/3) of the outstanding shares of the Series A Preferred Stock, the Company shall not amend, alter, change or repeal any of the powers, designations, preferences and rights of the Series A Preferred Stock.
Well then! I guess there's 35,000 people hoping you are correct! That's a big load to carry.
Noted and TY!
I'm not "having an issue", I'm having a "feeling" and I stated that! "Carry on my wayward son, there'll be peace when you are done".. lol
EQ why do I get the feeling your insistence to get MF to post the original conversion rights in his own words constitutes some sort of legal entrapment?
Bruh?...Have you looked at the buying volume? Nobody NSs a 0.0022 stock. Have you looked at how much GHS has to sell for funding TAA?
I think you are very close with that $420k figure for wholesale. As for costs, my limited knowledge has me guesstimating $500 - 700 per day for feed alone. I'll concur that Adam has a long ways to go before becoming profitable.
Welllll, using Adam's numbers and doing the math I calculate a survival rate of approx. 52%. Not exactly stellar given the industry standard for outdoor ponds in the southern US, although not bad for a first attempt! I was hoping for over 60%.
You new? GHS unloading regularly!
He's not taking your bait. He's already stated several times that they should no longer exist, ie, "someone with standing could challenge them" and Yotta did! He's basically saying GE is using them as voting shares and he doesn't have the right to due to the courts decision.
Sorry for being wrong; can you post the date the preferred A were created or reported?... Again, I ride the short bus.
Check the stats there is virtually no short action. Having said that short reporting is unreliable.
You know as well as I do that it was never made public. You also insists he knows and won't say. I ride the short bus, so If you know please tell us!... Let's put the A shares and NSH to bed with full understanding!
There's nothing wrong with pumping IF you have something to SUBSTANTIALLY pump! There's nothing wrong with bashing IF your motives are pure! Any name calling is juvenile! Let's get back to the conversion rights of preferred series A shares? I would really like to understand what happened there! I suspect NSH holders got (legally) screwed in court and that speaks volumes to NSI Board ethics and the naivety of NSH holders!
Maybe he doesn't know, he's already said it's not stated anywhere.
I wholehearted agree MF! "Creation and issuance of the Series F prefferred, with huge voting rights, to only GE, Untermeyer and Delgado, was Management's answer. IMO, what keeps the Series A alive is no one with standing is seeking to enforce NSI's cancelation of the Series A shares. Simple. as. that."... And yes, I recognize that you were the first one to mention the ongoing existence of Series A was questionable. I knew the Series F issue would eventually raise it's ugly head in this discussion! lol
From Exhibit A, I see Steve Walker owned 2,557,183 NSH shares. I do believe there was an amended Exhibit A where shares were arbitrarily awarded and shared, lol, but I can't find it.
Nov. 15th 2021 was the court date. Sorry took me a little to find my papers. Civil Action 3:20-CV-2131-K
WELL!... MFranny is no slouch, I always knew he was a lawyer, but now he's proved it! I know lawyer citation when I see it. Good on you MFranny!
If you recall EQ went into great detail explaining the preferred series A shares a couple of months ago, on this board. His response was in reply to me questioning him for his Series A elucidation. So yes I pay attention and appreciate having EQ here.
I don't know, that post is back to a level of silliness that I can't do; but carry on if it works for you! Damn that almost rhymed!
I pay attention to all opinions, including yours. I particularly pay attention to those without any obvious malice towards said stock. OTC is a scary game, best be on your toes!
Silliness! UF is merely presenting his version of a floundering company that will finally make good moving forward. Whether that is fiction or fact remains to be realized. It is a point of perspective that needs to be calculated!
I see the patent, the question begs asking, where is the NSI's PR? Are they somehow behind in what gets posted on their FB groups?
I like you and I admire your acumen. i know who you are behind your pseudonym and your old NSI relationship. Don't lower yourself to the regular basher level here, you are so above that!
I do have an acquaintance that speaks fluent Japanese and has some really good connections. He says the Niterra 6 month "test" study is going to be somewhat delayed because of some sort of PL problem. I'm wondering if you've heard anything similar?
I appreciate you commenting here, the constant bashing gets old, tiring and somewhat juvenile. Sometimes I think it's just to provoke a response from you? Best wishes! Do I think it's a scam?... NO! Do I think it's a mess given their potential?...YES! Call me a "bagholder"?...SURE, zero Fs given!
SP getting killed today!
Quarterly Report is out. Have at it Boys!
You knew, as well as everyone else knew that the FL expansion was never going to happen without an influx of grant money. When the grant money didn't materialize, everyone knew it was a dead deal long before it was discovered. I spent hours/days trying to find the appropriate grants NSI was referring to; I didn't find anything that made any sense.
Another beauty day for ARTH!
I like how EQI sticks to the facts, asks the hard questions, injects a little humour, without lowlife outright bashing or personal attacks! Obviously a professional.
OH, don't worry, I suspect there is a huge RS coming at some point in NSI's future...lol
UD...You've been going on for weeks, repeatedly about Florida, now you're suggesting it was criminal what was stated. I do believe if you go back and listen closely to the podcast GE states something beginning around the first of Sept. Therefore I believe the podcast was recorded in August and aired in Sept. If you are going to be insistent, be accurate.
WELL, they just added 10M shares to the OS with GHS' 20% discount that's real close to 7.9M...lol. I think Johnny Fife would never let them get into a "Tax Sale" position, they are essentially his properties.
Thank you! Nice digging. As I read it, they aren't in arrears yet!
I think you are correct that the results from Norway and Australia testing are very overdue! Good or bad release the data, transparency pays dividends!
Please provide link?....I can only find $3611. owing in Hamilton County.
Milton Toxic, I don't like bashers as much as I don't like pumpers. Get over the Goulding scam, it's done. Although, I will say this last post isn't bashing in my books, it's a decent reminder warning to investors who don't read!
Using the security/first and last rent deposit, indicates to me they are vacating the snazzy offices. That building was sold to a school board in 2022, I believe I read they want to renovate it for their own use by 2025. It's all good, they can't afford it anyways.