Tuesday, April 15, 2008 10:58:13 PM
The current Share structure is 25,501,732 Outstanding with 2,174 Restricted and 2,000,000 Preferred Shares. It is the intent of the Company that after its previously announced Buyback of 8,000,000 Shares, upon completion the company will then further reduce its Authorized Shares to 20 Million.
The Company's objective is to eventually reduce its Authorized Shares to a total of 10 Million; this is being implemented to coincide with the closing of an upcoming major acquisition that will give the company a major balance sheet/financial presence.
Questions for board:
What are restricted and preferred shares? Who owns them now? Do they convert to ordinary shares later? If so, what conversion rate? If company goes belly up, does preferred shareholders get some money from assets for their share?
Any help to be appreciated.
micbrody
SANUWAVE Announces Record Quarterly Revenues: Q3 FY2024 Financial Results • SNWV • Nov 8, 2024 7:07 AM
DBG Pays Off $1.3 Million in Convertible Notes, which Retires All of the Company's Convertible Notes • DBGI • Nov 7, 2024 2:16 PM
SMX and FinGo Enter Into Collaboration Mandate to Develop a Joint 'Physical to Digital' Platform Service • SMX • Nov 7, 2024 8:48 AM
Rainmaker Worldwide Inc. (OTC: RAKR) Announces Successful Implementation of 1.6 Million Liter Per Day Wastewater Treatment Project in Iraq • RAKR • Nov 7, 2024 8:30 AM
SBC Medical Group Holdings and MEDIROM Healthcare Technologies Announce Business Alliance • SBC • Nov 7, 2024 7:00 AM
VAYK Confirms Insider Buying at Open Market • VAYK • Nov 5, 2024 10:40 AM