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Re: steelo28 post# 56703

Saturday, 05/10/2014 9:45:23 AM

Saturday, May 10, 2014 9:45:23 AM

Post# of 163726
Common sense says if the company is half way decent, they will come out with a share hold letter soon addressing the current share structure and will cancel the preferred shares option to convert to common. Either that, or buy back shares at some point in time. Like B has stated, I doubt management would ever convert (or at least not for a long time) due to losing controlling interest. The fact is they can't reduce the A/S amount once the 540 days is up since they will still have that option to convert. I'm getting a little irritated by management and how to keep waiving shares around like candy. I do realize the news yesterday is nothing new as it was part of the original share exchange agreement but management needs to step up.

Like somebody else has stated, I believe knowing what the current share structure is and receiving some sort of update is almost becoming more important than the dam financials themselves.