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Monday, June 18, 2018 12:10:39 PM
From the Schedule 13/D filed on 5/11/2018:
So I guess the question is does Wheeler have the right to change the rules (Certificate of Correction of Articles Supplementary)?
The original wording from Articles Supplementary is as follows:
(a) If the Corporation fails to maintain asset coverage of at least 200% calculated by determining the percentage value of (1) the Corporation's total assets plus accumulated depreciation minus the Corporation's total liabilities and indebtedness as reported in the Corporation's financial statements prepared in accordance....
Was change to the following wording:
(a) If the Corporation fails to maintain asset coverage of at least 200% calculated by determining the percentage value of (1) the Corporation's total assets plus accumulated depreciation and accumulated amortization minus the Corporation's total liabilities and indebtedness as reported in the Corporation's financial statements prepared in accordance....
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