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Re: cashstrapped post# 164859

Friday, 05/19/2017 2:46:03 PM

Friday, May 19, 2017 2:46:03 PM

Post# of 235027
Voting preferred A- If I have to go as a institutional investor and buy say 50% of common stock from the market, I would ask KAY to give me a Preferred A shares with voting rights, so that I can have a say, when Kay sells the company. If I am TPG & know that this company could be worth $8B & not $500m, I will not let Kay sell the company for $500m.

And my understanding is, we will see events like that transpire in short order. Please take it with a grain of salt.

It allows us to sell the voting preferred A to a non-employee

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