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Re: Umibe5690 post# 503683

Thursday, 08/11/2022 12:20:03 PM

Thursday, August 11, 2022 12:20:03 PM

Post# of 701731

There was no guarantee that sufficient authorized shares would be available at the time of conversion, or for that matter, ever.



With the management lock up of their own options, I believe, then, that the company is not selling any pref Cs at this time which are not also backed up by the current authorized count.
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