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Re: Franyeld post# 28745

Tuesday, 03/28/2017 9:27:27 AM

Tuesday, March 28, 2017 9:27:27 AM

Post# of 61601
No, they must do the RS or have a special meeting to raise the AS. They don't have enough authorized shares to cover conversions. It is clearly stated for anyone that takes the time to actually read it. They can't sell more stock than is authorized, and they have convertible stock for which there are no reserves. It is not a maybe, and not a postpone - it is a matter of when, for the reason they state - they need to reduce the OS. That is the ONLY reason!