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Re: 13strats post# 144208

Sunday, 09/13/2015 12:33:14 PM

Sunday, September 13, 2015 12:33:14 PM

Post# of 148335
BULLSHIT!!!! LOLOLOOL!!!! wink

" 9 out of 10 actual cert holders would vote to extend the time"

Clearly just made-up numbers. Please show where Series C shareholders were ever polled. The company is clearly putting out misinformation in an effort to STALL shareholders until it is too late!

The redemption period expires in JUST SIX MONTHS, on March 17, 2016, according to the Company Bylaws, quote below.....

Date and timing of conversion or redemption will commence in six months and shall not exceed twenty-four months (from March 17, 2014).


Because of this clause, TIME IS OF THE ESSENCE for Series C shareholders in filing suit to collect what is due. If they wait too long, the redemption period will expire and then shareholders are SOL! (Which is what the company and non-Series C holders want)

The company has LIED to some shareholders about "no expiration". They have LIED to shareholders about distributing the share certificates to everyone due them as some, and I suspect many more that do not post here, have STILL not received them.

They have LIED about the need for a vote as there is NO requirement for a vote regarding redemption in the authorization and Bylaws. It is up to the individual at the time they decide to redeem the shares. That is why the 18 month timeframe for redemption was provided for.

The following quote pretty clearly establishes the redemption value and the individual choice of redemption method.....

Starting September 17th, 2014 certificates will be able to be redeemed for face value in cash or redeemed for $.20 worth of PVEC common stock. In the event the price per share is higher than face value of $.20 (twenty cents), the Preferred C Series Stock may be redeemed for 1 (one) share of common stock at the current price per share.




Good DD IS NOT just reciting the PRs and company handouts and looking for the good. Those things are never hard to find.

Good DD IS finding out what the company and CEO do NOT want you to know.