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Re: A deleted message

Tuesday, 11/05/2019 1:31:15 PM

Tuesday, November 05, 2019 1:31:15 PM

Post# of 48138
This has turned into quite a shell game.

M+, D,

Do either of you know if/how/why the strategy of waiving redemption rights on preferred stock reduces liability to the satisfaction of NASDAQ? I would think that the liability is still there, it just isn't current.

Does NASDAQ ignore the common stock, which is really the only investment they service? That wouldn't make sense . . .

Also, it seems to me that fabricating and shuffling the classes of preferred stock eviscerates the rights of the common stock holder. Given the current by-laws (ahem, NASDAQ), there ain't nuthin' left of the equity - the share value has been extensively diluted and subscribed elsewhere, and will continue to be asymptotically diluted.

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