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Saturday, March 31, 2018 9:02:41 AM
Preferred shareholders will receive cash and 35 percent of the New Common Stock via the Plan.
Common shareholders will receive 16 percent under the Plan. If the class votes in favor, an additional 4 percent will be allocated. The result would then be a 20 percent stake.
Preferred and common shareholders will control between 51 and 55 percent of the New Common Stock.
Why is 51 percent important?
Where is my ballot? o:)
"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International
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