Thursday, July 02, 2015 2:21:35 PM
Did everyone who received Series C stock certificates receive notice of such a qualifying qualification? (Keep in mind that many people who qualified for the Series C shares never received them.)
Has there been any public statement by an official of the corporation clarifying that condition?
Given that this condition was not stated in the original press release announcing the distribution to holders as of a future record date (thereby inducing people to buy before that date) wouldn't it be a "bait and switch" to include such a condition that was not stated in the PR?
Also, if this qualifying condition is accurate, how does the 1 for 260 reverse split of the common stock affect the minimum price at which the Series C shares could be redeemed? The reverse split-adjusted price of $.20/common share is $4.00 ($.20 x 260).
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