Retractable Technologies Inc (RVP)

[Enterprising Investor]

Government of the Cayman Islands Exchanges RVP Preferred for Common (12/10/15)

Retractable Technologies, Inc. entered into an Agreement for the Purchase and Sale of Preferred Stock effective November 30, 2015 with the Government of the Cayman Islands providing for the Company’s issuance of 728,000 shares of Common Stock in return for 200,000 shares of Series IV Class B Convertible Preferred Stock of the Company. In addition, the Government of the Cayman Islands transferred to the Company all rights associated with the Preferred Stock, including $3,094,794.52 of dividends in arrears. Future dividend requirements of $200,000 per year will cease.

http://www.sec.gov/Archives/edgar/data/946563/000110465915083782/a15-24701_18k.htm