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Re: ChiefZ post# 1749

Wednesday, 05/10/2023 5:50:17 AM

Wednesday, May 10, 2023 5:50:17 AM

Post# of 2236
The way the preferred shares are set up any merger or change in ownership is considered a liquidation event unless the holders of the preferred, as a group or a person, hold a majority prior to the merger in which case the shares are transferable on equal terms.

I would assume Isiah would want a non-cash transition here. It seems like a reverse merger would be an option but that is usually done technically as an acquisition where preferred shares are issued for the acquired company giving it a majority in the process.

The only thing about this option would be that OWPC would still face all the uplisting challenges and processes.

If it is Isiah International that Thomas wants to bring public as well as bring it to a higher exchange it is going to have to be done through some type of consolidation prior to an IPO or a SPAC-type deal.

With the legal team, they are using, Clear Think Capital, and Terry Buffalo on contract it is probably going to be more complex than a standard RM.
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