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Re: doogdilinger post# 88031

Wednesday, 05/22/2019 1:12:41 PM

Wednesday, May 22, 2019 1:12:41 PM

Post# of 164197
What is to stop Rotman from issuing himself $50 million in convertible preferred stock and $50 million in convertible debt notes for the acquisition?

Nothing.

lol.

But as I said...such conflicts are dismissed in the OTC.

On an Exchange traded stock this would not be an arms length transaction and would go to a shareholder vote...and it would be done by proxy, not a “written consent in lieu” or other form of insider controlled voting.

"Harsh reality is always better than false hope"

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