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Re: None

Wednesday, 07/04/2007 8:08:26 PM

Wednesday, July 04, 2007 8:08:26 PM

Post# of 44006
On CB..never under estimate your "opponent"

Why were the prefered shares given only 2 charactoristics? Naming 2 BOD members..and 3 for 1 split..apparently non-reversable.

Some of the usual preferred charactoristics..dividends and higher ranking on disolution..Maybe these were never thought to be needed.

If the stock is split 1:25..CB gets 10,500,000 shares..don't event have to consider his present common shares..There will be approximately 30 million shares o/s..

Suppose CB has a buyer in the wings for $30 million for the whole company..Let's see..He will get $10,500,000 for his shares..or $1.00 share..We will get $1.00 for our shares which is equal to $.04 on the pre-split shares..

From my point of view..we cannot allow a r/s..

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