Andalay Solar Inc fka WEST

[ohhhritchie]

IMHO, The filings to me, don't show a company about to explode.

But the latest one is interesting...

The preferred stock exchange looks to me like a voting
control issue.

With the preferred stock (5000 votes per share),
Bernstein controls over 700 million votes...
that's almost the entire float by himself..

Throw in the two other directors and together the 3 of them
have majority control over the company vs. Southridge and all other shareholders. - even if we all band together....

Is this how the rest of you read this?

Note: They took this in exchange for or in lieu of being paid stock options.
To me this says, if they were in it strictly for the money and it's about to explode, why not take the options?

They are clearly establishing/retaining control....