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Re: tinojax post# 28849

Wednesday, 04/21/2021 10:26:11 PM

Wednesday, April 21, 2021 10:26:11 PM

Post# of 29021

make this a profitable working business again.



I'm all in favor of that, but that's not the apparent objective of this legal action. Correct me if I'm wrong.

preferred shares have no claim on the company.



IIRC, common cannot get paid a single penny until the preferred is paid. That seems like a very large claim on the company.