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Re: UncleBo post# 415485

Sunday, 03/01/2015 4:33:46 PM

Sunday, March 01, 2015 4:33:46 PM

Post# of 730705
I thought B-Preferreds have no voting rights according to

http://www.sec.gov/Archives/edgar/data/933136/000119312515001790/d845621dex31.htm

(b) The Person or Persons entitled to receive the Common Stock issuable upon Mandatory Conversion of the Series B Preferred Stock shall be treated as the Record Holder or Record Holders, as the case may be, of such shares of Common Stock as of 5:00 p.m., New York City time, on the applicable Mandatory Conversion Date or Remainder Conversion Date, as the case may be. Prior to 5:00 p.m., New York City time, on such applicable Mandatory Conversion Date or Remainder Conversion Date, as the case may be, shares of Common Stock issuable upon Mandatory Conversion of any shares of Series B Preferred Stock shall not be deemed to be outstanding for any purpose, and Holders of shares of Series B Preferred Stock shall have no rights with respect to such shares of Common Stock, including, without limitation, voting rights, rights to respond to tender offers for the Common Stock and rights to receive any dividends or other distributions on the Common Stock, by virtue of holding shares of Series B Preferred Stock.



Or am I wrong?

If my interpretation of the above quoted is correct, and your statement also, does that mean the B-Preferreds will be converted prior to the record date on 03/05/2015 so they can vote for reincorporation in Delaware (as agreed by them) and hence an M&A will be announced in the next 4 days???
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