Has anyone ever figured out who the preferred shareholders are? I've seen Paul writing about them to RCA and Marshal Schictman:
From: Paul Taylor [Ptaylor07@adelphia.net]
Sent: Monday, November 14, 2005 12:41 PM
To: 'Rodrigo Calderon A.'
Subject: FW: a dish served cold
FYI
Here’s the plot
Don’t share
From: Paul Taylor [mailto:Ptaylor07@adelphia.net]
Sent: Monday, November 14, 2005 1:39 PM
To: 'Shichtm@aol.com'
Subject: a dish served cold
Ok , follow me here
Corey wants paper – but not control
So here’s the plan.
12,795,410 -- issued and out now
2 sets of old preferred that my clients own = 61,000,000 shares today
Therefore – 73,795,000 ( None of the new common can be sold – its all still 144)
One more swift ATM – say 10% / 2 --- 3.68M + 3.68M
Now its @ 81,174, 951
Now we ‘extinguish” the debs with say 50,000,000 shares – 144
Let Corey worry about opinions
THEN !!! SUDDENLY
The Preferred shareholders REVOLT !!!
They resign – all of them
They surrender the 61,000,000 new 144 they got and shred them
Oh oh – now Coreys 50,000,000 controls the deal …
Does that work for you ?
