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Re: Backstabbed post# 9973

Sunday, 08/20/2017 2:15:03 PM

Sunday, August 20, 2017 2:15:03 PM

Post# of 45833
Preferred Shares normally DO NOT have voting rights. Management will effectively be giving up voting control of the company if they proceed.

When their attorneys explain reality to them that they lose their voting rights, they will quickly change their minds about converting.
http://www.investopedia.com/terms/p/preference-shares.asp

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