dkgross, the proxy was voted on 12/99. The last class of preferred approved by the common for the toxic financiers matured in 2005. That is when the financiers seized control of TMM with supervoting rights and exercised their liquidation rights. Frankie Olsen converted his 53% of the voting stock to preferred convertible shortly after and joined the VC's in the liquidation. 5 a/s increases ensued and all assets transfered to Frank and Valcom officers.
You have to remember that TMM is a reorganization of ITHC.
(A) For Ratification of name change to Triangle Multi-Media Limited Inc.
FOR : 147,768,347 AGAINST : 30,205 ABSTAIN : 13,650
(B) For Ratification of the new capital structure of Triangle Multi-Media Limited formerly known as Integrated Health Care Inc. to authorize the corporation to issue 300,000,000 common shares at no par value, and to create a class of 20,000,000 Supervotiong Preferred Stock at a par value of $.001 per share and convertible at the option of the holder on a 10 for 1 basis with preferential treatment in liquidation.
FOR : 147,392,813 AGAINST : 181,480 ABSTAIN : 257,909
On August 30,1999 pursuant to a plan of reorganization Triangle Multimedia Limited issued 13,277,566 .001 par preferred shares for the acquisition of all the outstanding shares of Palm Springs Television Studio, Inc. At that time the total outstanding shares were 71,494,534.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.