So soon we forget.....remember this "Conversion of Preferred Shares
The conversion of the preferred shares to restricted common shares is nearly at an end -- April 30th, 2007 is the cut off date. To date, although I do not have exact numbers as the transfer agent is handling the transaction completely -- there has not been an excessive amount of conversion. Once the April 30th date comes and goes this chapter in the company's life will be closed and behind us for good.
It is unfortunate that it has not gone as well as expected, as the company only wanted the best for its shareholders, but I think it is in everyone's best interest to put it behind us and move forward with all the good events happening for us.
I have attached a copy of the letter that has gone out to shareholders with respect to the conversion."
There are NO preferred's....we should probably quit talking about them. IMHO Neal