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old_timer99

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old_timer99

Re: marketbear post# 265487

Friday, 02/16/2007 3:06:08 PM

Friday, February 16, 2007 3:06:08 PM

Post# of 279080
marketbear, if you've read the l/t on the toxic financing you know their return on investment was through their liquidation rights. Frank participated in the liquidation as well. He disclosed converting his 53% of the o/s into preferred. The preferred are convertible to common 1:10. The a/s was increased 5 times to accomodate both the toxic financiers and Olsen.
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