We're betting that the " one (1) share ...
of Series A Preferred Stock, no par value,
of which one (1) share will be issued and
outstanding at the time of Closing,,, "
Will be gifted to the same 1 guy that gave himself
the 80% OWNERSHIP + NEVER DILUTABLE swxx PREFERREDS ,
for $zero cost ; And even traded them in for a newer
'Series' of swxx 'Preferreds' , conveniently Before
HIS old Convertible Preferreds were due to expire ,
unless 'converted' , Before 1-1-2009. [The original
'deal' , before the swxx lawyers had to change the terms ,
because they 'overlooked' the Fact , that the original
swvc 80% Convertible Preferreds would expire-worthless ,
before 1-1-2009.]
It was easy, because he ALWAYS + INDIVIDUALLY OWNED
AT LEAST 80% OF ALL swxx 'VOTES' ; even Before + After
swvc Reversed into swyv.
extra , Sincerely .
P. S. ; Also, 'Hacketts' spin-off common 'shares' are now
Totally pink [or maybe/soon gray , or less] ; so , we
don't even have to discuss 'escrow shares' , or what-if
the bio-hazard lawsuit pays off , or much of anything ,
really ; Except , WHO GOES BK WHEN WELLS-FARGO FORECLOSES ?
So , lb ;
What exactly is there to "like" about any of that
stuff that you copied , right after your opinion/quote :
" I really like this part!! " ??
Here's another copi of your post ; just to save some time.
*********************************************
" I really like this part!!
3.2 Capital. The authorized capital stock of ALRN consists of 750,000,000 shares of $0.0001 par value Common shares, of which approximately 179,000,000 shares shall be issued and outstanding at the time of Closing; and 50,000,000 million shares of Preferred Stock, no par value, in two Series: one (1) share of Series A Preferred Stock, no par value, of which one (1) share will be issued and outstanding at the time of Closing, and twenty five million (25,000,000) shares of Series B Preferred Stock, no par value, of which no shares will be issued and outstanding at the time of Closing. All of the outstanding Common and Preferred shares are duly and validly issued, fully paid and non-assessable. There are no outstanding subscriptions, options, rights, warrants, debentures, instruments, convertible securities or other agreements or commitments obligating ALRN to issue any additional shares of any class, except as listed in Exhibit 3.2.
*****************************************
P. P. S. ; Does anyone really still believe that 'the plan'
is still working ; And swxx common 'share' holders lost ~99% ,
in ~1 year , as part of 'the plan' for Hackett's to succeed ?
The way we see it , the only succeeder is the 1 guy who will
'vote' himself that " one (1) share of Series A Preferred
Stock, no par value, of which one (1) share will be issued
and outstanding at the time of Closing, " ; for ~$zero cost ,
[except to common 'share' holders] , and with No Expiration
Date [this time, since the lawyers re-looked-at 'the plan'] .
We have a 1-word description for 'the plan' = Incredible.
[That it worked last year , for $40 Million ; and it's being
re-worked this year, with a new name, + any old believers.]
Also; When will anybody find out , wrt ALRN :
1] What's the 'deal' with the 'planned' Reverse Split here ?
AND
2] Do Any old swxx common 'share' holders get any free shares ?
AND
3] Do they have to pay anything to the ALRN TA , for issuing the freebies ?
AI
