InvestorsHub Logo
Followers 0
Posts 8
Boards Moderated 0
Alias Born 03/14/2004

Re: jcljack25 post# 3835

Friday, 05/15/2009 4:50:08 PM

Friday, May 15, 2009 4:50:08 PM

Post# of 4581
Clarification please from someone who knows more than I regarding preferred shares and warrants ...

In the 10Q series "A" and "B" preferred shares are mentioned. From the 2/24/06, 8/3/06, 6/18/07 8K's that described them all associated warrants have expired. Given no outstanding associated warrants series "B" shares are 1 vote each. Series "A" shares continue as 50 votes each. I am not complaining - it is reasonable for this management which has worked long and invested heavily to retain control and I am happy to have their interests aligned with company progress - just want to understand the voting structure and confirm the current absence of outstanding warrants. Is that correct or am I misreading?

TIA
Hank
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.