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Re: IRISHBULL post# 15590

Tuesday, 06/13/2006 6:48:55 AM

Tuesday, June 13, 2006 6:48:55 AM

Post# of 37776
IRISH, re: preferred shares....

According to the proxy materials for the shareholders' meeting, IPRE has "5 million shares of preferred stock authorized, 1,000,450 shares of which are issued and outstanding. Each preferred share holds conversion rights and voting rights of 100,000 to one. Our Chairman holds 1 million of those preferred shares..."