Thursday, October 09, 2008 9:54:51 AM
http://www.141capital.com/
Stock offer:
http://www.141capital.com/pdfs/Offer_to_Exchange_Common_Stock_10-09-08.pdf
Thursday, 09 October 2008 08:31
CHICAGO, Oct. 9 /PRNewswire-FirstCall/ -- 141 Capital, Inc., (Pink Sheets) is pleased to announce that the Company's Board of Directors has approved a preferred stock exchange for its shareholders to convert common stock in the Company for shares of preferred stock. For every 1,000 shares of the Company's common stock turned into the Company's transfer agent during the term of the exchange offer, shareholders will receive one share of preferred stock valued at $1.00 per share.
Shareholders must turn in a minimum of one million shares of the Company's common stock to qualify and take part in the exchange offer. The deadline for accepting the exchange offer and delivery of physical certificates to the Company's transfer agent Manhattan Stock Transfer, is the close of business on November 7, 2008. No conversion of the Preferred Stock to Common Stock can occur until after a holding period of three months from the date of the new certificate. Thereafter, shareholders may convert their Preferred Stock into Common Stock.
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