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Re: DANNYBOY666 post# 16164

Thursday, 06/21/2018 2:25:05 PM

Thursday, June 21, 2018 2:25:05 PM

Post# of 24335
Those anti-dilution clauses go away once the convertible debt is eliminated, and since Groman has paid more money for the new classes of preferred stock than the debt is worth, I would say the convertible debt is already off the books.

The Series C Convertible Preferred Stock holders are also entitled to anti-dilution protection until such time as the Company has retired all of its convertible debt.

The Series D Convertible Preferred Stock holders are entitled to anti-dilution protection until such time as the Company has retired all of its convertible debt.


And the Class A and Class B shares had no such clauses.