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toughasnails

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toughasnails

Re: trader guy post# 94100

Thursday, 05/28/2009 10:09:12 PM

Thursday, May 28, 2009 10:09:12 PM

Post# of 346919
Here is the reason for the increase in a/s. The corporate laws state there must be enough shares a/s to cover the total conversion of all preferred shares. Even though they will not convert they had no choice but to increase the authorized.
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