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Post# of 24326
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swenglish

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swenglish

Re: odi33 post# 11954

Thursday, 06/21/2007 7:58:31 AM

Thursday, June 21, 2007 7:58:31 AM

Post# of 24326
pardon my ignorance but what does

"the voting preferred shares will be redeemed within five years."

mean?

They can only be sold after 5 years? $2 to buy 167 shares at .012, gets me 1 $10 preffered share with a $0.60 annual divvy.? then sell for $10 after 5 years or is the price not fixed? 5 (yrs) x. 60 (ann divvy) + $8 (10 - (167x.012 = 2) = $11 profit per share after 5 years.

$1000 gets 500 pref $10 shares. After 5 years $5500?

Kind of thinking (typing) out loud here.

Lycklig den som varit ung i sin ungdom.

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