The SCOOP on WAMKQ DIVIDENDS:
The dividends that are currently accruing and payable on December 17,2008 have already been DECLARED
Liquidation Rights***************** Upon our voluntary or involuntary liquidation, dissolution or
winding-up, holders of Series K Preferred Stock will be entitled
to receive out of our assets that are legally available for
distribution to stockholders, before any distribution is made to
holders of common stock or other junior securities, a
liquidating distribution in the amount of $1,000,000 per share
of Series K Preferred Stock plus any declared and unpaid
dividends,
without accumulation of any undeclared
dividends.
Distributions will be made pro rata as to the Series K
Preferred Stock and any other parity securities and only to the
extent of our assets, if any, that are available after satisfaction
of all liabilities to creditors.
How is there still any question that these divis will be paid?
